In this context, the Council authorised the Commission, by its decision of 16 October 2001, to negotiate appropriate agreements with Switzerland, the United States of America, Andorra, Liechtenstein, Monaco and San Marino under which those countries would adopt measures equivalent to those to be applied within the Community, so as to ensure effective taxation of savings income in the form of interest payments.
In this context, the Council authorised the Commission, by its decision of 16 October 2001, to negotiate appropriate agreements with Switzerland, the United States of America, Andorra, Liechtenstein, Monaco and San Marino under which those countries would adopt measures equivalent to those to be applied within the Community, so as to ensure effective taxation of savings income in the form of interest payments.