U.K. Proposes Tax Information Exchange to Solve Withholding on Non-Resident Savings

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Saturday, April 1, 2000
Author: 
Volume: 
16
Issue: 
4
686
Abstract: 
On February 25, 2000, the U.K. Treasury announced its intention to present proposals to combat evasion of taxes due on the savings income of individuals resident in EU member states through a system of information exchange rather than the controversial plans for a minimum withholding tax on non-resident savings. Dawn Primarolo, U.K. paymaster general, will advocate the U.K. strategy on February 25, 2000 at the first meeting of a high level working group charged with resolving the tax disputeā€¦.[more]