The European Parliament adopted by 593 votes to 37, with 58 abstentions, a legislative resolution on the draft Council decision on the conclusion, on behalf of the European Union, of the Amending Protocol to the Agreement between the European Community and the Swiss Confederation providing for measures equivalent to those laid down in Council Directive 2003/48/EC on taxation of savings income in the form of interest payments.
Parliament approved the draft Council decision as amended and approves conclusion of the Amending Protocol to the Agreement. It is stipulated that the President of the Council shall, on behalf of the Union, give the notification provided for in the Amending Protocol4 in order to ensure that the rules on automatic exchange of information with respect to reportable accounts are being followed and collaboration on compliance and enforcement is enabled.
Parliament regretted that no improvements can be made, particularly regarding information provided and the automatic, binding and unrestricted nature of exchanges of information.
In it resolution, it: