EU states agree on faster tax refunds for cross-border investors

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EU states agree on faster tax refunds for cross-border investors
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Pro-Palestinian encampment at Dalhousie University - May 13, 2024 | SaltWire #news #halifax #protestLONDON - The European Union on Tuesday approved rule changes to speed up how tax is paid on cross-border investments, helping to deepen the bloc's capital market.

"It will make investing in other countries easier and hopefully encourage retail investors in particular to invest on European financial markets, which will eventually benefit the whole economy," the Council said in a statement. "Moving forward, we need to ensure the proposal is effective in practice, which will require further collaboration between industry and policymakers and a keen eye on national implementation," said Antonio Frade Correia, EFAMA's senior tax advisor.

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