European Commission seeks to expand automatic information exchange between EU Member States

| June 2013

Overview

European Union (EU) Tax Commissioner Algirdas Šemeta on June 13, 2013 presented a Proposal for a Council Directive intended to combat tax evasion by expanding the scope of the automatic exchange of information (“AEOI”) between EU Member States on “dividends, capital gains, all other financial income and account balances” and is planned to take effect from January 2015 related to the taxable period from 1 January 2014. Such an enhanced exchange of information would result in the EU having the most comprehensive tax information exchange system in the world and is intended to set the global standard for other nations to adopt in the future.

Contact us

Dominick Dell'Imperio
Partner
Tel: +1 (646) 471 2386
Email

Kevin Brown
Principal, Co-leader, Tax Controversy and Regulatory Services
Tel: +1 (202) 346 5051
Email