On Tuesday 10 December, the Ecofin Council unanimously adopted the FASTER Initiative on withholding tax procedures in the EU. European ministers reached an agreement in May (see EUROPE B13409A1). This directive aims to make these procedures safer and faster in order to obtain relief from double taxation.
“This is an important step towards deepening the capital markets union, as more efficient withholding tax procedures will encourage investment on the EU’s financial markets”,...