Brussels, 24/03/2014 (Agence Europe) - Without debate on Monday 24 March, EU28 farm ministers approved the draft revised savings tax directive, which had been on the negotiating table since November 2008 but which was for a long time vetoed by Austria and Luxembourg. The changes to Directive 2003/48/EC now need to be transposed into national legislation by January 2016 and come into force in 2017.
The revised directive aims to fill gaps in savings tax rules in order to clamp down on tax...