Statement on Savings Tax Agreements and VAT strategy
Brussels, 15 May 2012. Following discussions on the Savings Tax Agreements at the Economic Financial Affairs Council, Commissioner for Taxation and Customs Algirdas Šemeta said: "I am extremely frustrated that we could not reach agreement today on the mandates to negotiate new and stronger savings tax agreements with Switzerland and the 4 other third countries. Tackling tax evasion is a growth-friendly way of boosting national budgets. How can any Member State possibly justify blocking progress in this area?"
Following discussions on the VAT strategy at the Economic Financial Affairs Council, Commissioner for Taxation and Customs Algirdas Šemeta said: "On a more positive note, Ministers did endorse today the new VAT Strategy which I put forward last December. This supports the calls from citizens, businesses and administrations for a complete overhaul of the current system. We must make the EU VAT regime simpler, more efficient and more fraud-proof."
Full statement now available on RAPID: SPEECH/12/359
Frequently asked questions on EU Savings Tax Rules and Savings Agreements with third countries MEMO/12/353