The European Union withholding tax is the common name for a withholding tax which is deducted from interest earned by European Union residents on their investments made in another member state, by the state in which the investment is held. The European Union itself has no taxation powers, so the name is strictly a misnomer. The aim of the tax is to ensure that citizens of one member state do not evade taxation by depositing funds outside the jurisdiction of residence and so distort the single market. The tax is withheld at source and passed on to the EU Country of residence. All but three member states disclose the recipient of the interest concerned. Most EU states already apply a withholding tax to savings and investment income earned by their nationals on deposits and investments in their own states. The Directive seeks to bring inter-state income into the same arrangement, under the Single Market policy.
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circumstances withholdingtax sometimes applies to royalties, rent or even the sale of real estate. Governments use taxwithholding as a means to combat tax evasion...
EuropeanUniontax haven blacklist, officially the EU list of non-cooperative tax jurisdictions, is a tool of the EuropeanUnion (EU) that lists tax havens...
European Unionwithholdingtax US Foreign Account Tax Compliance Act "EuropeanUnion Savings Directive (EUSD): exchange of information and withholdingtax -...
rates of corporation tax for smaller companies. In 1980, the top rates of most European countries were above 60%. Today most European countries have rates...
Reporting Standard, dubbed the Global Account Tax Compliance Act (GATCA) EuropeanUnionwithholdingtax Extraterritorial jurisdiction#United States FATCA...
and the European Anti-fraud Office. Directorate-General for Taxation and Customs UnionEuropeanUnionwithholdingtax EU VAT Single European Act Commissioner's...
taxes may contribute to underinvestment in human capital, such as higher education. The Australian federal government (ATO) requires withholdingtax on...
shareholder, though a tax obligation may also be imposed on the corporation in the form of a withholdingtax. In some cases the withholdingtax may be the extent...
in place. For example, EuropeanUnion (EU) countries are parties to a multilateral agreement with respect to value added taxes under auspices of the EU...
EuropeanUnion law is a system of rules operating within the member states of the EuropeanUnion (EU). Since the founding of the European Coal and Steel...
spending Taxation in the United States List of countries by tax rates Tax rates in Europe "Total tax revenues". Our World in Data. Retrieved 7 March 2020. Heritage...
get tax refunds even if they owe zero income tax. This is due to withholding calculations and the earned income tax credit. Because withholding is calculated...
that any direct taxes imposed by the national government be apportioned among the states on the basis of population. In the EuropeanUnion direct taxation...
dividends are taxed as income to the shareholders. Corporations property tax, payroll tax, withholdingtax, excise tax, customs duties, value added tax, and other...
company, are subject to a 15% withholdingtax, unless the rate is reduced under a tax treaty. Interest: No withholdingtax is imposed on interest paid to...
applies under an applicable double tax treaty. It also imposes a withholdingtax on interest and royalties, however the tax rates may be reduced or eliminated...
Tax Office which employers receive excerpts of for the purpose of withholdingtax on paid income. If an employee's data indicate membership in a tax-collecting...
not levy a tax on certain payments to an adequate level, then the jurisdiction of the payer is allowed to excise the top-up withholdingtax. These certain...
dividend withholdingtax that Dutch resident corporations are generally subject to pay is 15%. A double taxation treaty can lower the withholdingtax rate...
A poll tax, also known as head tax or capitation, is a tax levied as a fixed sum on every liable individual (typically every adult), without reference...
waived the right to a lower withholding rate[clarification needed], then the covered expatriate is charged a 30% withholdingtax on their deferred compensation...
many countries in the EuropeanUnion are places where aggressive tax optimisation finds its place," Pierre Moscovici, the European commissioner for economic...
tax, a withholdingtax and a value added tax. However, Switzerland is unique among modern sovereign states in that the authority to levy these taxes is...
the Tobin tax is being picked up by various tax proposals currently being discussed, amongst them the EuropeanUnion Financial Transaction Tax as well as...
on the final withholdingtax and possible church tax (8 or 9% of the flat tax). This makes a total of Abgeltungsteuer of 26.375% church tax excluded. The...
whose proper tax is not fully settled through withholding to self-assess tax and make payments prior to or with final determination of the tax. Self-assessment...
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