Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/06/507 (19.4.06) |
Publication Date | 19/04/2006 |
Content Type | News |
The European Commission’s Clearing and Settlement Fiscal Compliance expert group ('FISCO') on 19 April 2006 issued a Fact Finding Study examining EU Member States' fiscal compliance procedures for clearing and settlement of cross-border securities transactions. The Study analysed how these procedures were hindering the functioning of capital markets and increasing the cost of cross-border settlement, particularly in relation to withholding and transaction taxes. The FISCO group was to issue a further report proposing solutions by early 2007. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/507&format=HTML&aged=0&language=EN&guiLanguage=en |
Subject Categories | Business and Industry, Internal Markets |
Countries / Regions | Europe |
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