Taxation of Savings: The European Commission Proposes Changes to Eliminate Tax Evasion
added: 2008-11-14
The European Commission has adopted an amending proposal to the Savings Taxation Directive, with a view to closing existing loopholes and eliminating tax evasion. Since 2005, the Savings Directive ensures that paying agents either report interest income received by taxpayers resident in other EU Member States or levy a withholding tax on the interest income received.
