Press Release: Preventing tax evasion and fraud: the scope for automatic exchange of information is extended

The Council adopted a directive that will help the member states to clamp down on tax evasion and fraud by extending the scope for the automatic exchange of information.

The directive brings interest, dividends, gross proceeds from the sale of financial assets and other income, as well as account balances, within the scope of the automatic exchange of information. It accordingly revises directive 2011/16/EU on administrative cooperation in the field of direct taxation.