On Tuesday 23 January, the members of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) adopted their opinion on the new directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER) (see EUROPE B13288A18), with 39 votes in favour, one against and one abstention.
The aim of this directive is to make these rules more effective and more secure for investors, financial intermediaries such as banks and Member States’ tax authorities.
In their position,...