EU Savings Directive to be modified

The next ECOFIN will discuss the revision of the EU Savings Directive

The informal meeting of Economic and Financial Affairs (ECOFIN) Ministers took place in Dublin castle on 12-13 April. Financial Ministers discussed about tax evasion. Member States seemed ready to agree on a revision of the EU Savings Directive.

The revision of the EU Savings Directive will be discussed at the next ECOFIN on 14 May. The EU Directive was introduced in July 2005. Luxembourg and Austria has always refused an automatic exchange of information concerning savings taxation....

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