Mr Weekers, the State Secretary of Finance, has concluded an agreement with the United States today making possible an automatic exchange of data between the tax authorities of both countries. This agreement implementing the U.S. Foreign Accounts Tax Compliance Act (FATCA) underscores the co-operation of the Netherlands and the United States to tackle tax evasion and undeclared savings. The agreement diminishes, for example, the administrative burden for Dutch financial institutions and guarantees legal protection for their clients. From September 2015, the Dutch Tax and Customs Administration will automatically exchange data with the U.S. Internal Revenue Service (the tax administration of the United States). The Tax and Customs Administration will also receive data of Dutch tax payers from the US.