Amendment of the Directive on Administrative Cooperation (DAC6): EBF position on the EC proposal
EBF advisor: Roger Kaiser
Publication date: 6 July 2018
The EBF supports the Commission’s agenda to enhance tax transparency within the EU with the aim to tackle tax abuse and distortions in the internal market. In this respect, European banks are committed to the implementation of the automatic exchange of financial account information. However, the EBF is concerned by the recent Directive amending the Directive on Administrative Cooperation, referred to as “DAC6”, which imposes mandatory disclosures on tax intermediaries and tax advisers. DAC6 provides for a very broad definition of Intermediaries. The EBF shares Commissioner Moscovici’s view that financial institutions which only provide the service of maintaining a bank account for a customer should not qualify as an intermediary under the DAC6.
“International Directors Banking Programme” is a new modular programme of three three-day modules at the INSEAD business school in Fontainebleau, France. The content is driven by the needs for bank directors and senior executives working in banks to review and update their corporate governance practices due to the many pressures they face, and will focus on the effectiveness of directors and boards. Successful completion by participants offers certification by INSEAD. Read more
Stay in touch with the EBF
The EBF produces a daily and a weekly newsletter with European banking news and updates from national banking associations across Europe. CLICK HERE TO SUBSCRIBE
European Banking Federation
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
56 Avenue des Arts
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.