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Europe Daily Bulletin No. 10342

23 March 2011
Contents Publication in full By article 37 / 44
GENERAL NEWS / (eu) eu/taxation
Little progress on savings tax

Brussels, 22/03/2011 (Agence Europe) - No progress was made on the draft review of the EU savings tax directive at the meeting of high-ranking Council of Ministers' experts on 18 March 2011. The main opposition to a compromise deal drawn up by the Hungarian Presidency is from Luxembourg and Austria, which both refuse to abandon their system of tax deductions at source (and therefore savings account confidentiality) until Switzerland and other tax havens are forced to join an automatic...

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