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Europe Daily Bulletin No. 9287

17 October 2006
GENERAL NEWS / (eu) eu/taxation
Commission soon to be mandated for exploring possibility of cooperation with three Asian countries regarding savings tax

Brussels, 16/10/2006 (Agence Europe) - The Council will soon give the Commission a mandate to begin, in close collaboration with the presidency of the EU, “exploratory discussions” with Singapore, Hong Kong and Macao in the area of savings taxation. The EU's aim is to promote the adoption of “equivalent measures” to those contained in Directive 2003/48/EC on taxation of income from savings in the form of interest payments. The adoption of this mandate follows the green light given by...

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