European Parliament, Subcommittee on Tax Matters (FISC), Public hearing on ‘A European Withholding Tax Framework’, Brussels, 27 October 2021.
Abstract:
- Withholding tax on ALL interest and license fee payments.
- Irrespective of the tax residence of the final beneficiary.
- Without any relief at source.
- Tax credit where the income of interest and license fees is declared and taxed.
This proposal guarantees that all income is indeed taxed once within the European Union as postulated by the EU interest and royalty directive.
This paper is a slightly revised version of an earlier version published by the European Parliament at https://www.europarl.europa.eu/committees/en/public-hearing-a-european-withholding-ta/product-details/20211014CHE09521