French Court Declines to Overturn Tax Treaty With U.S.

France’s top administrative court has ruled that French authorities can pass on tax information to their U.S. counterparts, rejecting a motion by dual citizens who have been trying for years to stop France cooperating with the U.S.’s FATCA tax treaty.

The Conseil d’Etat ruled Friday that France’s measures to implement FATCA, or the Foreign Account Tax Compliance Act, didn’t contravene the country’s privacy laws. It also rejected arguments that U.S. doesn’t adequately cooperate with French tax authorities in return.