Today, the Commission has proposed extending the automatic exchange of information between EU tax administrations, as part of the intensified fight against tax evasion. Under the proposal, dividends, capital gains, all other forms of financial income and account balances, would be added to the list of categories which are subject to automatic information exchange within the EU (see MEMO/13/533). This paves the way for the EU to have the most comprehensive system of automatic information exchange in the world.
Algirdas Šemeta, Commissioner for Taxation, Customs, Statistics, Audit and Anti-Fraud, said: ” With today’s proposal, Member States will be better equipped to assess and collect the taxes they are due, while the EU will be well positioned to push for higher standards of tax good governance globally. It will be another powerful weapon in our arsenal to lead a strong attack against tax evasion.”
Two key pieces of legislation already provide for the automatic exchange of information within the EU.