Tax Co-Ordination in Europe: Assessing the First Years of the EU-Savings Taxation Directive

37 Pages Posted: 15 Jul 2009

See all articles by Thomas Hemmelgarn

Thomas Hemmelgarn

European Commission

Gaëtan Nicodème

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; CEPR and CESifo The views expressed in the article are those of the author and should not be attributed to the European Commission.

Date Written: June 2009

Abstract

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

Hemmelgarn, Thomas and Nicodeme, Gaetan, Tax Co-Ordination in Europe: Assessing the First Years of the EU-Savings Taxation Directive (June 2009). CESifo Working Paper Series No. 2675, Available at SSRN: https://ssrn.com/abstract=1434293

Thomas Hemmelgarn

European Commission ( email )

J-79 05/230
Brussels, Brussels B-1049
Belgium

HOME PAGE: http://https://ec.europa.eu/taxation_customs/business/economic-analysis-taxation_en

Gaetan Nicodeme (Contact Author)

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

50 Avenue Roosevelt
Brussels 1050
Belgium

CEPR and CESifo The views expressed in the article are those of the author and should not be attributed to the European Commission.

No Address Available

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