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<p>The government has engaged with the US Treasury and the IRS on a number of occasions
regarding the US Foreign Account Tax Compliance Act (FATCA). The government recognises
that FATCA is a particular concern for those who were unaware of the obligations associated
with their US citizenship.</p><p> </p><p>However, to clarify, FATCA does not create
new accidental Americans. Rather, FATCA created a mechanism for the financial accounts
of overseas US citizens to be reported to the US.</p>
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