TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

EU: Savings Directive and Exit Taxation

The EU Council has adopted conclusions on Savings taxation; and resolution on coordinating exit taxation.

The Council has called for “rapid progress” on the proposal for a Directive amending Directive 2003/48/EC.

Further information on Savings Taxation is available at http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/en/ecofin/104455.pdf

The resolution on exit taxation follows the two communications of 19 December 2006 on coordinating direct tax systems in the internal market and on exit taxation. Interestingly, the Council can only invite the Member States to adopt the guiding principles. This is as a result of the nature of tax decision-making in the EU, with each Member State having an effective veto.

Further information on the exit taxation resolution is available at http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/en/ecofin/104449.pdf