Reply to post: FATCA

HMRC ditches Microsoft for Google, sends data offshore

Thomas Whipp

FATCA

you might want to read up on tax treaties, the US FATCA legislation means that the UK is already committed to reporting on any US relevant tax data in a format requested by the US.

From a legal perspective companies within the UK are required to report these transactions to HMRC who then provides them to the US IRS.

My guess is that from a national security point of view tax data just isn't that important (note that the article talked about information classified as OFFICIAL which I believe is the lowest level of government data - see https://www.gov.uk/government/publications/government-security-classifications)

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