Public Hearing on FATCA and its extraterritorial impact on EU citizens

PETI
Paul-Henri Spaak Building - Room 1A002
FATCA, Foreign Account Tax Compliance Act concept - written text FATCA, world globe in background FATCA, Foreign Account Tax Compliance Act concept - written text FATCA, world globe in background
FATCA © EP

On 12 November 2019 the Committee on Petitions organised a hearing on "FATCA and its extraterritorial impact on EU Citizens.” The aim of the hearing was to facilitate an exchange of views between the various stakeholders and listen to the issues faced by EU citizens affected by FATCA. The hearing consisted of two panels, focusing on financial services and the exchange of tax information with the US and on potential conflicts between European data protection rules and FATCA.