EU MINISTERS BACK BOOSTING SAVING ACCOUNT CONTROLS
February 1st, 2010
BY KEITH NUTHALL
A PACKAGE of measures designed to fight tax evasion within the European Union (EU) has been approved in principle by the EU Council of Ministers. A 'general approach' backing proposed amendments to directive 2003/48/EC on taxing savings accounts has been secured - the changes would extend requirements to declare income (or pay a withholding tax) to interest from some innovative financial products; certain life insurance policies; and savings accounts held in trust. Ministers also struck political deals supporting a draft directive strengthening ...
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