EU Presses Ahead With Tax Info Sharing Plans
by Ulrika Lomas, Tax-News.com, Brussels
16 December 2013
European Union (EU) member states could be obliged to collect and automatically share data as early as 2017.
The European Parliament has backed the Commission's plans to require countries to automatically exchange information on employment, directors' fees, life insurance, pensions, and property. In addition, by 2017, the proposed new rules would compel member states to hand over data on other income, including that from dividends, capital gains, and bank account balances.
The plenary session of parliament also called for the tax gap to be halved by 2020, and urged the Commission to introduce a set of tangible targets for reducing it. The Commission was further requested to establish a standardized set of indicators for measuring tax evasion and avoidance.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
