Countries Providing For The Exchange of Information
All EU Member States with the exception of Belgium (till 31.12.2009) and Austria have agreed to exchange information with each other. Belgium has decided to discontinue applying the transitional withholding tax as of 1 January 2010 and exchange information as of that date.
In Luxembourg clients can choose between exchange of information and withholding tax retention.
Gibraltar is deemed to be part of the UK for the purposes of the EU Savings Directive and thus will exchange information with other EU countries such as Spain and the UK. Residents of Gibraltar will either suffer withholding tax on interest arising overseas, or have that income reported to the UK who will pass it on to Gibraltar authorities.
Among the third countries signatories there are also, Anguilla, Cayman Islands, Montserrat and Aruba who have agreed to exchanging information.
Read more about this topic: European Union Withholding Tax
Famous quotes containing the words countries, providing, exchange and/or information:
“Communists have always played an active role in the fight by colonial countries for their freedom, because the short- term objects of Communism would always correspond with the long-term objects of freedom movements.”
—Nelson Mandela (b. 1918)
“When the Somalians were merely another hungry third world people, we sent them guns. Now that they are falling down dead from starvation, we send them troops. Some may see in this a tidy metaphor for the entire relationship between north and south. But it would make a whole lot more sense nutritionally—as well as providing infinitely more vivid viewing—if the Somalians could be persuaded to eat the troops.”
—Barbara Ehrenreich (b. 1941)
“The social kiss is an exchange of insincerity between two combatants on the field of social advancement. It places hygiene before affection and condescension before all else.”
—Sunday Correspondent (London, Aug. 12, 1990)
“The real, then, is that which, sooner or later, information and reasoning would finally result in, and which is therefore independent of the vagaries of me and you. Thus, the very origin of the conception of reality shows that this conception essentially involves the notion of a COMMUNITY, without definite limits, and capable of a definite increase of knowledge.”
—Charles Sanders Peirce (1839–1914)