Tax jab aimed at Australia almost hits EU investors

By Tom Brown
22 Feb 2021

The EU Commission is rushing to untangle legislation that would have stopped EU investors from buying Australian securitizations or covered bonds, after the country ended up on the EU’s list of non-cooperative tax jurisdictions.

When European law makers were crafting the EU Securitisation Regulation amendments as part of the Capital Markets Recovery Package — a scheme that was to lay out Europe’s way forward out of the economic wreckage left by Covid-19 — the first thing on their minds was not the tax-compliance ...

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