EU savings tax deal -- a mixed bag for the law

MONEY LAUNDERING

BRUSSELS -- In mid-January, the EU finance ministers ended a deadlock on the collection of savings tax throughout the region, but the deal was only a partial victory for the European Commission’s anti-money laundering effort.

According to the agreement, EU citizens will no longer be able to evade taxes of their own nations on savings by hiding investments in other member-state countries. A compromise will force Luxembourg, Austria and Belgium to withhold up to 35% in tax on savings interest

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here