At a meeting on 9 December 2014 in Brussels, the Council of the European Union adopted a directive extending the scope for the automatic exchange of information (AEOI) and approved an amendment introducing a binding anti-abuse clause as a "de minimis" rule in the EU's parent-subsidiary directive.
The AEOI directive brings interest, dividends, gross proceeds from the sale of financial assets and other income, as well as account balances, within the scope of the automatic exchange o…