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June 5, 2014
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Analyst:
The adoption of the proposal to extend the Savings Taxation Directive is another important stepping-stone towards comprehensive, universal automatic exchange of information at the EU level. The current schedule is very optimistic. But given the international developments over the past year it may be assumed that nothing will be able to stop the march of automatic exchange of information even beyond the EU's borders on a medium-term horizon. It remains to be seen to what extent it will actually be possible to coordinate the multitude of international initiatives with one another and ensure adequate data protection. [more]
2.1.5