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Europe Daily Bulletin No. 9782

14 November 2008
Contents Publication in full By article 10 / 29
GENERAL NEWS / (eu) eu/taxation
Plugging the holes of the gruyere cheese that is European savings taxation rules

Brussels, 13/11/2008 (Agence Europe) - “Tax fraud and tax evasion deprive member states of tax Revenues. While some wealthy individuals tend to benefit from the existing loopholes in the Savings Tax Directive, the first victims of tax fraud and tax evasions are the people belonging to the lower income groups who face higher taxation that member states introduce to compensate their losses,” said Taxation Commissioner László Kováks as he presented the European Commission proposal...

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