The thin edge of the wedge?

On Wednesday (31 August) the Israeli High Court temporarily blocked preparations for Israel to share data with the IRS under Israel’s FATCA IGA. (Article in Haaretz)(pdf)  This is a temporary injunction, with a court date of 15 September for arguments to be heard against the Israeli FATCA IGA. The plaintiffs in the case argued that FATCA violated their rights to privacy and equal treatment and that there was no compelling public purpose to the law. Similar lawsuits against FATCA have been filed in Canada and the US.

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