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Accidental Americans file discrimination lawsuit
The Association of Accidental Americans filed the lawsuit against the US Government in France
As reported by Reuters, the Association of Accidental Americans in France is filing a class action lawsuit claiming discrimination in response to FATCA regulations that require the financial details of US Citizens residing overseas to be shared with the US Government. Concerns over FATCA have been raised by a number of overseas Americans, citing the onerous nature and high penalties of non-compliance with FATCA as a reason for the reducing number of banks which will offer services to US Citizens. Americans living in Europe have reported difficulties in obtaining bank accounts, loans, credit cards and other essential financial services.
Antoine Vey of the AAA explained that "Because of their nationality, hundreds of people are being deprived of banking services open to everyone else, which constitutes discrimination under criminal law ... We have therefore asked the public prosecutors to sue (financial) establishments that do this sort of thing."
Accidental Americans - often individuals who have US Citizenship due to being born on American soil or because of family connections to the States - are not the only people affected by FATCA. US Citizens who have moved to countries outside of America are equally affected. Although renouncing citizenship is an option, albeit a complex and long winded option, the situation is particularly difficult for US Citizens who identify as Americans but who feel discriminated against internationally because of their citizenship.
All Americans residing outside of the US will follow this case with interest.