CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. UK Continues Lone EU Withholding Tax Defence

UK Continues Lone EU Withholding Tax Defence

Tax-news.com

11 September 1999


Prior to an EU Finance Ministers' meeting in Finland (the Finns are current EU Presidents) the UK has still not tabled its long-promised compromise over the proposed withholding tax on savings. It seems to be tacitly agreed that if the Brits can come up with a face-saving distinction between 'private individuals' and 'professionals' then it will be accepted. The difficulty is probably that any formula is going to require an immense bureaucracy to enforce it. Summer holidays are probably another difficulty. The withholding tax problem is holding up a directive which also includes a Code of Conduct directed against 'harmful tax competition' and some useful measures to liberalise cross-border royalty payments.

.

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



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 »