- MEPs in the economic and monetary affairs committee have proposed amendments to the existing rules on taxation information exchange and administrative cooperation.
- The changes were adopted with 43 votes in favor, 4 against, and 5 abstentions, and will now be presented for a plenary vote and then to member states for consideration.
- The rapporteur for the House’s opinion, Rasmus Andresen, stated that they favor common minimum penalties for non-reporting, a definition of high net worth individuals, and expanding what needs to be exchanged, such as income and capital gains from financial assets and luxurious assets.
- They also requested the Commission to consider setting up a European Taxpayer Identification Number.
Source
- europarl.europa.eu
- MEPs seek to inject more ambition into reform of rules on exchange of tax information
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