'Accidental Americans' in France file discrimination lawsuit
PARIS (Reuters) - More than 300 'accidental Americans' in France, French citizens who hold U.S. nationality only because they were born there, filed a discrimination lawsuit on Wednesday
PARIS (Reuters) - More than 300 "accidental Americans" in France, French citizens who hold U.S. nationality only because they were born there, filed a discrimination lawsuit on Wednesday.
Many of the plaintiffs in the lawsuit did not until only recently realise they had U.S. citizenship, which makes them liable for U.S. income tax regardless of where they live.
Under the 2010 Foreign Account Tax Compliance Act, or FATCA, the United States requires foreign banks to provide financial information on U.S. citizens abroad or face possible fines.
As a result, some French citizens who only hold U.S. nationality by being born in the country have been unable to open bank accounts or take out loans, prompting the class-action lawsuit which was filed to a Paris court.
"Because of their nationality, hundreds of people are being deprived of banking services open to everyone else, which constitutes discrimination under criminal law," said lawyer Antoine Vey, representing the Association of Accidental Americans (AAA).
"We have therefore asked the public prosecutors to sue (financial) establishments that do this sort of thing," he added.
The French Banking Federation was not immediately available for comment when contacted by Reuters.
The AAA has more than 300 members and many have no personal attachment to the United States other than having been born there. Some do not even speak English.
It estimates that there are more than 10,000 accidental Americans in France and up to 300,000 across Europe. While formally giving up U.S. citizenship is an option, it can be long and costly.
(Reporting by Emmanuel Jarry; Writing by Leigh Thomas; Editing by Matthias Blamont)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Guinea president 'captured', govt dissolved, claim army putschists'; attack on presidential palace repulsed, say authorities
Reports suggest that they captured President Alpha Conde and dissolved the government, bust the ground situation remains unclear
NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.
By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.