The so-called “Accidental Americans” are U.S. citizens who have been granted automatic citizenship under U.S. civil law because they were born in the U.S. but now live outside the U.S. and are facing burdensome administrative requirements resulting from the fact that the U.S. tax duties and obligations on worldwide income are imposed on all U.S. Persons i.e. all U.S. resident individuals and all U.S. citizens. With the aim to fight against tax evasion, FATCA and its subsequent Inter-Governmental Agreements require Foreign Financial Institutions to trace U.S. reportable accountholders and to collect their U.S. Tax Identification Numbers (TIN). Because Accidental Americans may have difficulties to provide such data, the US Treasury has relaxed this requirement for a grace period which will terminate on 31 December 2019. The EBF has again called the US Treasury to extend this relief beyond 2019 and ideally to adopt a permanent one.
Another important milestone for #SustainableFinanceEU at today’s Stakeholder Dialogue. Latest updates on #TaxonomyEU Green Bond Standards and benchmarks @EU_Commission Crucial to reorient capital and trigger change of corporate behaviour.
To meet our 2030 #climate & #energy targets we need to work together.
@EU_Commission assessment of draft National Energy & Climate Plans shows clear progress, but 🇪🇺 countries still need to step up efforts to achieve our goals.
Country-specific reports https://t.co/a3PphcrDqy
“International Directors Banking Programme” is a new modular programme of three three-day modules at the INSEAD business school in Fontainebleau, France. The content is driven by the needs for bank directors and senior executives working in banks to review and update their corporate governance practices due to the many pressures they face, and will focus on the effectiveness of directors and boards. Successful completion by participants offers certification by INSEAD. Read more
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European Banking Federation
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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