Reply to Taxation of Currency transactions

By PandaMunich,
You did understand that they shoved the main compliance effort onto the banks? So if you want to claim it's a monster IT project on the banking side (details in here), ok, but the governmental side is quite light.   Figuratively speaking, think of it as the banks sending their country's central tax authority (in Germany: to the Bundeszentralamt für Steuern) already addressed envelopes with tax data, so the central tax authority just has to forward that envelope to the address (= foreign tax authority) written on it.   Such an EU-wide system has already been in place from 2005 to 2015, through the implementation of the EU savings directive, and the German interface was the Bundeszentralamt für Steuern, so they have experience in this. This EU-wide system has now been replaced by the OECD's worldwide AEOI (Automatic Exchange of Information) standard we have been talking about all this time. For details of this change-over, please read this:   Under AEOI, the following data will be reported to your country of residence, no matter whether the account holder is a person or a company (sources p. 74-75 of the Implementation Handbook and p. 3 in here): interest dividends income from the sales of shares/mutual funds/... income from insurance contracts the balance of the account/shares portfolio/insurance contract on 31. December of each year  
business articles guides new business opportunities guides finance deposit guides money making art guides loan deposits guides make your home good guides income outcome issue guides medicine drugs guides marken money trends guides self roof repairing guides market online guides secure guides skin tools guides wedding jewellery guides newspaper for magazine guides geo places guides business design guides Car and Jips guides production business guides ladies cosmetics sector guides sport and fat burn guides vat insurance price guides fitness program guides furniture at home guides which insurance firms guides new devoloping technology guides healthy nutrition guides dress up/a> company income guides insurance and life guides dream home guides create new business guides individual loan form guides cooking ingredients guides which firms is good guides choosing most efficient business guides comment on goods guides technology business guides secret of business guides company redirects guides credits in business guides guide for business guides cheap insurance tips guides selling abroad guides protein diets guides improve your home guides security importance guides