EU Targets Spain, Malta, Germany Over Tax Rule Breaches (1)

Spain must change its rules to allow tax payments from foreign bank accounts or face a legal challenge at the European Union’s top court, the European Commission said Wednesday.

The Commission, the EU’s executive, also threatened Malta with a court referral over its golden passport scheme, and warned Germany over applying different withholding taxes to certain domestic and cross-border dividend and interest payments.

Spain contravenes EU single market rules by only allowing tax payments from accounts held with financial institutions recognized by its tax authorities, which in practice prevents “the use of EU bank accounts outside Spain for both citizens ...