BRUSSELS FUMES OVER BLOCKING OF TAX COOPERATION TALKS
June 1st, 2012
BY KEITH NUTHALL
EUROPEAN Union (EU) taxation Commissioner Algirdas ?emeta has been angered by Austria and Luxembourg blocking moves to renegotiate the EU's tax cooperation deals with Switzerland, Andorra, Monaco, Lichtenstein and San Marino. These countries currently transfer withholding taxes of 35% on savings accounts held by EU citizens. But they have no EU agreements regarding regularising tax amnesties or on capital gains and dividends taxation data. Brussels wants to renegotiate these information deals - but Austria and Luxembourg (with large financial ...
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