Market leading insight for tax experts
View online issue

Financial Services

 
Kevin McCormick Technical Manager with the Tax Faculty of the ICAEW tries to forecast the outcome of the European Commission's review of financial services
 
In February this year the European Commission said that in 2006 it would present 'a global proposal on the taxation of financial services'. The document that finally emerges is expected to be comprehensive in view of all the effort the Commission has put into financial services in recent years. But any firm proposals are unlikely to be radical. Based on recent experience the Commission is expected to put forward only those proposals on which a consensus in the Council is likely. Some legal certainty on the treatment of financial services is the best that can be expected. This may be achieved by updating the Sixth VAT Directive to exempt services...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
EDITOR'S PICKstar
Top