European Parliament Plenary adopted on 16 September its report on the implementation of EU’s tax information requirements. The report was prepared by MEP Sven Giegold (Greens-EFA/Germany), and adopted with 561 votes in favour, 12 votes against and 116 abstentions.
Mr. Giegold’s report concludes that EU member states must increase their efforts on tax cooperation and implementation of the Directive on administrative cooperation (DAC). It laments, specifically, that there is still a lot of information about income and assets that is not systematically shared across borders, and the information that is shared is underused and of mixed quality. Mr. Giegold also criticises the Council and EC for not granting the Parliament access to the information needed to fully assess the effective implementation of the Directive.
In a 15 September hearing before the vote, Commissioner Gentiloni told MEPs that EC’s proposal on DAC 8 (crypto-assets and e-money, common EU sanctions) is scheduled for Q1 2022 (instead of initially planned Q4 2021).
Source Accountancy Europe
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