EU directive to claw back excess exemptions on foreign dividends would save taxpayers €5.17 billion a year
Banca March | Last July, the European Commission published the proposal for the so-called Faster directive, to achieve more efficient taxation of European capital market returns. At the Congress of the Association of Tax Inspectors held late last week, the Spanish Ministry of Finance shared its progress towards a regulation that would free investors from tedious processes to recover excess withholding taxes. The Treasury hopes that Ecofin will be able…