Banking question

I have a question that I can’t find the answer to online.

Perhaps there’s someone out there who’s an expert on EU/French law who can help me answer this one?

Barclays in France are insisting I fill out a w8-Ben for my kid, who is under 18 and a British citizen. I am reluctant to approve it as I don’t see why the IRS need know about a foreign child opening an account in a foreign country. I can’t find any information online about my legal obligations on this (in France or the EU) – but surely this contravenes a data-protection or right-to-privacy law somewhere? Children should be protected surely?

Anyone know about this kind of stuff?

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.