The fact that withholding taxes in Europe are in need of a change has been widely recognised by both governments and the financial industry. The underlying rationale for that change ranges from reducing the complexity associated with making withholding tax claims (whether under a double tax treaty or under domestic law) for a reduced rate to apply injecting modern technology to reduce or eliminate the paperwork associated with such claims and addressing the concerns of governments over effective compliance.
The recognition that change is needed is not new: it’s been 20 years since the Giovannini reports identified withholding tax as being a barrier to free movement within the EU’s capital...
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The fact that withholding taxes in Europe are in need of a change has been widely recognised by both governments and the financial industry. The underlying rationale for that change ranges from reducing the complexity associated with making withholding tax claims (whether under a double tax treaty or under domestic law) for a reduced rate to apply injecting modern technology to reduce or eliminate the paperwork associated with such claims and addressing the concerns of governments over effective compliance.
The recognition that change is needed is not new: it’s been 20 years since the Giovannini reports identified withholding tax as being a barrier to free movement within the EU’s capital...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: