The United Kingdom government is set to announce that all of its dependent territories have agreed to comply by the rules of the European Savings Tax Directive, a report by news service Reuters has revealed.
A Treasury source told the agency: "This completes the process we began in 1997. We have not only stopped a damaging agreement to harmonise a withholding tax, but now all European businesses can enjoy a competitive and level playing field."
UK Ministers are likely to confirm the position of the dependent territories at the regular monthly Ecofin meeting (European Council of Finance Ministers) in Brussels this week.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment