The European Commission has
- issued a report on the Review of the Savings Directive on 15 September 2008, taking into account a number of suggestions made by FEE,
- adopted a proposal for an amendment of the Savings Directive on 13 November 2008. The Commission proposal seeks to ensure the taxation of interest payments which are channelled through intermediate tax-exempted structures and to extend the scope of the Directive to income equivalent to interest obtained through investments in some innovative financial products as well as in certain life insurance products.
The European Parliament has adopted a resolution on the Commission’s proposal on 24 April 2009.
European Commission proposal for an amendment of the Savings Directive
FEE Comment Letter
European Commission activities
European Parliament resolution dated 24 April 2009