EU Official: Member States Working on Model Government-to-Government Tax Data Sharing Pacts

European Union member states are focusing on producing uniform model agreements for government-to-government information sharing under the Foreign Account Tax Compliance Act, and such a pact could be finished by the end of June, the EU’s highest tax official told BNA May 7.

The news comes as governments and institutions around the world direct their attention to implementing the U.S. tax law, which requires foreign banks to report U.S.-owned accounts to the Internal Revenue Service or face, in some cases, a 30 percent withholding tax. …

1. Read this entire article for free, simply activate your free 7 day trial access to Privacy & Security Law Report now.
4. First Name (required)
5. Last Name (required)
6. Company Name (required)
7. Job Title (required)
8. Email(valid email required)
9. Address Line 1 (required)
10. Address Line 2 (required)
11. Address Line 3
12. City (required)
13. Zip/Postal Code(required)
14. Country (required)
15. Telephone Number (required)
16. verification
17. I would like to receive occasional emails from BNA International
18. I would like BNA International to reveal my address details to selected 3rd parties of interest

 

cforms contact form by delicious:days