The Commission has proposed extending the automatic exchange of information between EU tax administrations, as part of the intensified fight against tax evasion.
Under the proposal, dividends, capital gains, all other forms of financial income and account balances, would be added to the list of categories which are subject to automatic information exchange within the EU. This paves the way for the EU to have the most comprehensive system of automatic information exchange in the world. Today's proposal, together with the EU Savings Tax Directive, will mean that Member States share as much information amongst themselves as they have committed to doing with the USA under the Foreign Account Tax Compliance Act (FATCA).