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Filippo Noseda discusses FATCA in Bloomberg

Posted on 26 August 2020

Filippo Noseda, Partner in Private Tax & Wealth Planning team, has contributed to the article by Bloomberg Tax discussing Foreign Account Tax Law Critics on EU Privacy Law.

Bloomberg mentioned Jenny's case and wrote:

"Jenny challenged the law with a complaint to the U.K. privacy authority, in which she argued that the U.S. law and the U.K. tax office had violated U.K. and EU data privacy law. The complaint was rejected, and now she is planning to appeal to the U.K.'s top court, Noseda said. She’s raised more than $100,000 to fund her legal appeal through a crowdfunding effort."

Filippo said the Court of Justice ruling could be a turning point and "raises the possibility that the automatic exchange of financial information among nations at the heart of FATCA can be attacked on the same grounds."

Things are changing, and the dominoes are starting to fall,” he said.

Read the full article here.

Further information

To find out further information on the data protection work by Mishcon de Reya and to read their correspondence to data protection authorities, click here.

To see the full list of hacking and data breaches recorded by Mishcon de Reya, click here.

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