Hello, some legislation was passed last year all over Europe which instructs all brokers and banks to report to governments in EU about citizens money on bank accounts abroad, and same obviously applies to brokers too. But I wonder what type of report is sent, does anyone know? Is it only beginning and end of the year balance and profit? Received dividends? Money transferred to and from broker? I doubt individual trades are sent as a report, or?
Name Address Tax ID Number Tax Country Date of Birth Place of Birth Year-end account balance Gross Proceeds (all sales) Interest income Dividend income https://ibkr.info/article/2784