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Taxation: USA

Question for Treasury

UIN 292963, tabled on 1 October 2019

To ask the Chancellor of the Exchequer, what recent representations he has made to his counterpart in the US Administration on the creation of accidental Americans through the US Foreign Account Tax Compliance Act.

Answered on

8 October 2019

It is a matter for the US government to determine how US tax obligations are calculated. This includes how these obligations apply to people born in the US. The US has a long-standing policy of taxing on the basis of citizenship rather than residence. The Foreign Account Tax Compliance Act is a reporting mechanism that obliges financial institutions to report the details of US citizens to the US. UK Government officials continue to actively and regularly engage with their US counterparts regarding US citizens who are resident in the UK.

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