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	European Savings Tax Directive       COUNCIL DIRECTIVE 2003/48/EC of 3 June 2003 on taxation of savings income in the form of interest payments Article 18 Review The Commission shall report to the Council every three years on the operation of this Directive.   On the basis of these reports, the Commission shall, where appropriate, propose to the Council any amendments to the Directive that prove necessary in order better to ensure effective taxation of savings income and to remove undesirable distortions of competition.     Our Web Sites Return to Index

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