On Wednesday, 22 October, Belgium’s Court of the Markets examined the appeal filed by the Belgian State against the decision issued by the Belgian Data Protection Authority (DPA), which had, in April, decided that it was unlawful to transfer Belgian citizens’ banking data to US tax authorities under the Foreign Account Tax Compliance Act (‘FATCA’) (see EUROPE B13628A14).
During the hearing, the Federal Public Service (FPS) Finance—which is calling for the decision to be...