Briefing
Vote on ending EU citizens' bank secrecy in Liechtenstein
Vote on ending EU citizens' bank secrecy in Liechtenstein
Parliament’s take on an agreement with Liechtenstein which will make it harder for EU citizens to hide capital from their national tax authorities will be set out in a resolution to be voted on Wednesday. Under the agreement, the EU and Liechtenstein will automatically exchange information on the financial accounts of each other's’ residents, starting in 2018.
The EU and Liechtenstein agreed in October to clamp down on tax fraud and tax evasion. Information is to be exchanged not only on income, such as interest and dividends, but also account balances and proceeds of the sale of financial assets.
Vote: Wednesday, 2 December
Procedure: Consultation
Procedure Code: 2015/0175(NLE)
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