BETTER FINANCE Praises the Latest Proposal from the European Commission on Withholding Tax in Europe

Date: 20th June 2023
Type: Press Releases

BETTER FINANCE supports the recent proposal put forth by the European Commission, aimed at simplifying the reimbursement of cross-border withholding taxes. Guillaume Prache, the Managing Director of BETTER FINANCE, expresses cautious optimism and states, “This proposal, which was swiftly introduced following a joint study conducted by BETTER FINANCE and DSW – Germany’s leading association for private investors and one of BETTER FINANCE’s member organisations – addresses the concerns highlighted in our research and shows promise in reducing the occurrence of dividend double taxation. We are particularly pleased that the Commission is giving Member States the option to implement relief procedures that prevent double taxation from the beginning.”