Towards Global Transparency
Chapter 8: The EU Directives
AbstractChapter 8 is devoted to the EU Directives in the area of exchange of information. First, the Savings Directive (EUSD) is described in detail. In this context, we also compare the EUSD with the EU-Swiss agreement on the taxation of savings. Second, the Directive on administrative cooperation in the field of taxation (DAC) is covered. The DAC, which was adopted in 2011, is of crucial importance following the global emergence of automatic exchange of information as the new global standard. This major development leads to a 2014 proposal to extend the scope of the DAC, combined with a potential future repeal of the EUSD. Third, this chapter analyses the Directive concerning mutual assistance for the recovery of tax claim, which can be regarded as the most comprehensive instrument so far covering this type of assistance. Finally, instruments of administrative cooperation in the field of indirect taxes (notably regulations on the administrative cooperation in the field of VAT and excise duties) are mentioned.
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