There has been a good deal of surprising positive news for beleaguered taxpayers. For those whose life has been made incredibly difficult by the Foreign Account Tax Compliance Act (FATCA), the news from Belgium must warm their heart. A Belgium has largely negated FATCA and has set to stage for its removal from the European Union as Belgium ruled that FATCA contradicts the GDPR (General Data Protection Regulation).
In this episode of the IRSMedic podcast, host Anthony E. Parent and guests John Richardson, Esq. and Global Advocate for the American Overseas, Keith Redmond discuss the possible end of the FATCA in the EU, and discuss the most likely scenarios.