The EU's Council of Economic and Finance (ECOFIN) Ministers will take place in Brussels on 11 March 2014.

Taxation of savings income

Responding to the call of the December European Council, the ECOFIN Council will seek to adopt the proposal to amend the Savings Tax Directive. The proposal aims to close loopholes and improve the functioning of the current legislation (a specific memo will be published ahead of the meeting). This proposal is one of the key actions of the Commission's plan to fight against tax fraud and evasion, as it will extend the scope of automatic exchange of information within the EU. Adoption of the proposal will demonstrate the EU's commitment to remain a front runner in implementing automatic exchange of information. 
Commissioner Šemeta will also update the Finance Ministers on the good progress being made in tax negotiations with Switzerland, Monaco, Andorra, San Marino and Liechtenstein.

Informatiesoort: Nieuws

Rubriek: Europees belastingrecht

H&I: Previews


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