Tax Co-Ordination in Europe: Assessing the First Years of the EU-Savings Taxation Directive
37 Pages Posted: 15 Jul 2009
Date Written: June 2009
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic information exchange, has not led to major shifts in international savings. However, this result has to be interpreted with caution since the available data is scarce and not always conclusive.
Keywords: savings taxation, withholding tax, information exchange, European Union
JEL Classification: F21, F33, G12, G28, H24, H26, H87, K34, O16
Suggested Citation: Suggested Citation