The European Commission is closely monitoring developments regarding the US Foreign Account Tax Compliance Act (FATCA) aimed at combating tax evasion, according to a response to a written question from the European Parliament on Tuesday 22 July. It is monitoring the situation in collaboration with the European Data Protection Board (EDPB).
Michael McGrath, European Commissioner for Democracy, Justice, the Rule of Law and Consumer Protection, said he would “also continue to work with the...