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Image header Agence Europe
Europe Daily Bulletin No. 12642
Contents Publication in full By article 22 / 28
NEWS BRIEFS / Taxation

EDPB re-examines compatibility of US FATCA law with GDPR Regulation, confirms Commission

22/01/2021 (Agence Europe)The European Commissioner for Justice, Didier Reynders, confirmed on Thursday 21 January, in a written answer to a question (see EUROPE 12566/19) by MEP Sophie in ‘t Veld (Renew Europe the Netherlands), that the European Data Protection Board (EDPB) was again considering the compatibility of the US FATCA law (US Foreign Tax Compliance Act) with the European General Data Protection Regulation (GDPR). “The Commission participates in the meetings of the Board and closely follows any developments on this file, assured Mr Reynders. In order to comply with the ‘FATCA’ law, “accidental Americans” who are EU citizens must provide highly sensitive data to US embassies, which is then transferred to the US. In a first examination in 2018, the EDPB concluded that there was no justification for prohibiting data processing under the FATCA law. See the written answer: https://bit.ly/2NiZ7ou (MF)

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