Herbert Dorfmann MEP (EPP, Italian) states that the interaction between the proposed ‘FASTER’ directive and the ‘UNSHELL’ directive needs to be clarified, in his draft report published for the European Parliament on Monday 9 October.
With ‘FASTER’, the European Commission proposed in June a new withholding tax procedure for cross-border financial income - dividends on shares and interest on bonds (see EUROPE B13204A18). This text is expected to make these rules more effective...