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Whither or wither the European Union Savings Tax Directive? A case study in the political economy of taxation

Whither or wither the European Union Savings Tax Directive? A case study in the political economy... Describes the European Union Savings Tax Directive (EUSTD), the latest initiative in a series since the issue of global taxation within the EU emerged in 1996. Traces the EUSTD’s genesis and the reason for its inception: this was to minimise the loss of tax revenues in some member countries by slippage, as taxpayers look to ways to avoid paying tax by moving funds between tax jurisdictions. Focuses on the disagreements that have plagued the various initiatives since 1996 concerning the proposed EUSTD; these represent a struggle between fiscal sovereignty and market power, with some member states being unwilling initially to consider any more towards coordination. Discusses the effects on the EUSTD of external organisations, eg the Organisation for Economic Cooperation and Development and the Financial Action Task Force. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Whither or wither the European Union Savings Tax Directive? A case study in the political economy of taxation

Journal of Financial Crime , Volume 11 (1): 17 – Jan 1, 2004

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References (25)

Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
1359-0790
DOI
10.1108/13590790410809040
Publisher site
See Article on Publisher Site

Abstract

Describes the European Union Savings Tax Directive (EUSTD), the latest initiative in a series since the issue of global taxation within the EU emerged in 1996. Traces the EUSTD’s genesis and the reason for its inception: this was to minimise the loss of tax revenues in some member countries by slippage, as taxpayers look to ways to avoid paying tax by moving funds between tax jurisdictions. Focuses on the disagreements that have plagued the various initiatives since 1996 concerning the proposed EUSTD; these represent a struggle between fiscal sovereignty and market power, with some member states being unwilling initially to consider any more towards coordination. Discusses the effects on the EUSTD of external organisations, eg the Organisation for Economic Cooperation and Development and the Financial Action Task Force.

Journal

Journal of Financial CrimeEmerald Publishing

Published: Jan 1, 2004

Keywords: Taxation; European Union; International cooperation

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