The Financial Times writes that a clash between European and US rules are “… likely to spark a diplomatic battle between Brussels and Washington, which has actively been trying to water down the EU’s tough new privacy legislation by handing US companies a de facto exemption from it.”
What about the data privacy issues posed by FATCA? Shouldn’t we be hearing more from the EU Justice commissioner about this?
Again for those of you that understand French or that do not mind making sense of translation tool outputs, please find here a link for tomorrow night’s live debate on Swiss bank secrecy and US attempts to weaken it: http://www.infrarouge.ch/ir/1887-banquiers-suisses-tricheurs The debate will be available for view on the tsr.ch website by at least Wednesday night. Please feel free to enroll on the site and post your comments straightaway, (even in English— I have seen at least one comment in English accepted and displayed on the site).
I would encourage anyone here who has the time to post responses on the TSR Infrarouge website in order to fuel the debate and increase awareness amoung the Swiss of how bad the situation is:
http://www.infrarouge.ch/ir/thread-364069-suisse-protege-assez-peuple-contre
