Submitted on Thursday 26th January 2017
Rejected on Tuesday 21st February 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Revoke America's right to threaten British banks who work with US Customers
FATCA is a US banking law requiring the UK to surrender records of all UK accounts with US-born signatories to US crime enforcement, assuming guilt, without a Warrant. Non-compliant banks risk 30% tax on their US assets. FATCA puts UK funds unacceptably at risk & breaches basic tenets of British Law
America’s own Taxpayer Advocate Service criticised the policy for it’s guilty-until-proven-innocent enforcement. There is no recourse and no appeals. The US refuses to abide by the G20 standard practices (CRS) in relation to banking & tax transparency. Parliament must uphold UK law and demand America play on a level field.
http://tinyurl.com/gqksrs6
http://tinyurl.com/h6gb69m
http://tinyurl.com/z4es2ab (MSP#16-p63)
http://tinyurl.com/zdmm83y
http://tinyurl.com/zbwbhjb
http://tinyurl.com/z23yctm
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
We can't accept your petition because the UK Government or Parliament are not responsible for US banking law.
We understand that you are concerned with the impact that FATCA has on US-born UK residents. There are a few possible actions suggested by your petition that the UK Government or Parliament could take.
You could start a new petition asking the UK Government or Parliament to investigate the impact of FATCA on US-born UK residents. You could also start a new petition asking the UK Government or Parliament to make it illegal for financial institutions to discriminate against US-born UK residents.
There may be another specific action that you would like the UK Government or Parliament to take. You could start a new petition explaining clearly what you would like the Government or Parliament to do.
3.17.155.142 Thu, 21 Nov 2024 20:50:31 +0000
