The functioning of the EU Savings Directive : strategies for improvement

This comprehensive article provides a useful overview of the history of the Savings Directive, along with the main features and goals of the Directive. In addition, the various loopholes resulting from its limited scope and unclear definitions, such as the concept of beneficial ownership, the paying agent and the income covered are addressed. The author concludes with comments regarding the feasibility of various EU proposals to close the existing loopholes.