Filippo Noseda has appeared in the European Parliament today. He talked about the FATCA campaign and the litigation that he is spearheading on behalf of his client, an Accidental American, Jenny. Filippo has discussed concerns that FATCA raises and issues with the EU law, privacy and data protection regulations.
FATCA is a United States federal law requiring all non-U.S. foreign financial institutions to search their records for customers with indicia of a connection to the U.S. and to report the assets and identities of such persons to the U.S.
Filippo said "It's not about taxation – it's about GDPR and it's about human rights. Fundamental to this issue is a concern that an automatic bulk exchange of data, regardless of any indicia of tax evasion, is effectively transparency without any ability for the right to privacy."
To watch Filippo's full speech please see here (starts at 11:50).
If you want to find out more about the campaign, please see here.