|European Union directive|
|Title||Council Directive on taxation of savings income in the form of interest payments|
|Made by||Council of the EU|
|Made under||Art. 94|
|Journal reference||L 157, 2003-06-26, p. 38|
|Came into force||2005-07-01|
|Commission proposal||C 270 E, 2001-09-25, p. 259|
|EESC opinion||C 48, 2002-02-21, p. 55|
|EP opinion||C 47 E, 2003-02-27, p. 553|
The European Union Savings Directive (EUSD), formally Council Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments, is a directive of the European Union enacted to implement the European Union withholding tax, requiring member states to provide other member states with information on interest paid to achieve effective taxation of the payments in the member state where the taxpayer is resident for tax purposes.
It is anti-tax evasion measure, similar to FATCA, which is however found to be much more effective.
- "European Union Savings Directive (EUSD): exchange of information and witholding tax - GOV.UK". www.gov.uk. Retrieved 6 November 2017.
- Zucman, Gabriel (2015). The Hidden Wealth of Nations. United States of America: University of Chicago Press. pp. 62 to 73. ISBN 978-0-226-24542-3.
- "Directive 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments: Text of the Directive (as amended)".
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