Petition · past parliament

Revoke America's right to threaten British banks who work with US Customers

Rejected 18 signatures

What the petition asks

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

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

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.

Timeline

26 Jan 2017 Petition opened for signatures
21 Feb 2017 Rejected by the Petitions Committee

Key facts

Signatures 18
Status Rejected
Rejected 21 Feb 2017

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Source: the official petition page. Last checked 15 Jul 2026.