FASTER – A European Withholding Tax Directive to Remove Obstacles to Cross-Border Investment While Combating Tax Fraud and Abuse

In this note, the authors discuss the European Council’s FASTER Directive, which received political approval on 14 May 2024. The Directive is focused on improving withholding tax procedures in respect of dividends and interest paid on public market securities whilst enhancing the Member States’ ability to prevent and fight potential tax fraud or abuse.