At its plenary session on Wednesday 28 February, the European Parliament adopted its opinion on the new ‘FASTER’ withholding tax procedure for cross-border financial income with 541 votes in favour, 36 against and 23 abstentions(see EUROPE B13334A23).
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 opinion, MEPs proposed a number of changes to the...