On February 4, the Article 29 Working Party released a statement discussing the mechanisms for automatic interstate exchanges of personal data for tax purposes and the impact on privacy and data protection. The statement requests involved national governments and EU institutions involved to ensure appropriate and consistent safeguards for data protection. In particular, the Article 29 Working Party (i) touted adherence to the principles of purpose limitation and necessity; (ii) discussed increased risks and liability under EU data protection laws; and (iii) confirmed its approach on granting additional guidance to increase data protection safeguards in this area.
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