The fundamental right to informational self-determination guarantees that every person retains control over the disclosure and use of their personal data. This right was recognized by the Federal Constitutional Court in 1983 in the so-called \"census ruling\" and is considered essential for the free development of the personality in the modern world of data. Despite this importance, a ruling by the Federal Fiscal Court (BFH) has severely restricted the right by granting the tax office extensive powers to inspect foreign accounts. In this article, we explain how you can defend yourself against this encroachment by setting up an LLC in the USA and opening a bank account in a non-data-sharing country.<\/p>\n
In a recent ruling, the Federal Fiscal Court decided that the tax office is entitled to obtain information about foreign accounts, even if this is the Fundamental right<\/a> to informational self-determination was violated. The court argued that the state's interest in tax honesty outweighed the individual's right to Data protection<\/a>. This ruling has practically given the tax office carte blanche to screen citizens' financial data, which is an alarming precedent.<\/p>\n https:\/\/www.bundesfinanzhof.de\/de\/entscheidung\/entscheidungen-online\/detail\/STRE202410049\/