EU Parliament Hears FATCA & the Accidental American Association Case

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Earlier this month, the European Parliament held a public consultation regarding the US FATCA (Foreign Account Tax Compliance Act) and its extraterritorial impact on EU residents, particularly the latent battle between FATCA’s exchange of tax information requirements and the European data protection regulations.

Reps of the EC, plus from a number of different international bodies such as the EU data protection authorities; the European Banking Federation and the Accidental Americans Association all created and presented their own speeches presenting their own side of the story.