The European Union’s executive arm proposed Monday to simplify tax rules to avoid double taxation for citizens and companies and to crack down on behavior that led to the Cum-Ex and Cum-Cum tax scandals.
The European Commission plans to make withholding tax procedures across the bloc more efficient and secure for investors, banks and member states’ tax administrations, it said, focusing particularly on tax payments on interest or dividends by cross-border investors.
The plan is aimed in part at countering the fraud exposed in the Cum-Ex and Cum-Cum investigations that have cost taxpayers an estimated €150 billion globally over the ...
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