Introduction
On 15 February 2001, the International Primary Market Association IPMA issued a Guidance Note in respect of the European Union EU Directive on the Taxation of Savings proposed at the Nice ECOFIN Council on 26-27 November 2000 the Directive.
The Directive is intended to work towards the harmonisation of tax on income relating to the payment of interest including payments by collective investment funds that derive their income from interest to individuals resident in an EU Member State. This article considers the impact of the Directive on Asian issues. For the purposes of this article, Asian issues would encompass the following scenarios
- Asian issuer unguaranteed issue
- Asian issuer and Asian guarantor ...
