Arab Today, arab today france warns austria to join fight against tax fraud
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

Cazeneuve issues non-cooperation threat

France warns Austria to join fight against tax fraud

Arab Today, arab today

Arab Today, arab today France warns Austria to join fight against tax fraud

French officials demand ‘total transparency’ in international financial sectors
Paris - Arabstoday

French officials demand ‘total transparency’ in international financial sectors France turned up the heat on Austria Thursday, with French Budget Minister Bernard Cazeneuve saying that it could be placed on a French list of non-cooperative countries if lawmakers do not agree to an automatic exchange of information aimed at combating tax evasion.
Cazeneuve told the state-owned radio France Info: "It is not normal that countries like Austria for example do not communicate information they have regarding European Union citizens who have accounts there.”
"If these countries do not cooperate, if there is not a convention covering an information exchange that allows for total transparency within the European Union, these countries run the risk of being on the list of non-cooperative states and territories," Cazeneuve said.
Austria is the last EU member to resist lifting bank secrecy policies, after Luxembourg said Wednesday that it would implement rules allowing for the exchange of account information starting in 2015.
Cazeneuve was named French budget minister on March 19 to replace Jerome Cahuzac, who resigned as it emerged that he had maintained a non-declared bank account in Switzerland.
On Wednesday, President Francois Hollande unveiled a series of proposals aimed at reinforcing transparency in the banking sector and said that France would establish a list each year of tax havens.
Austrian Chancellor Werner Faymann huffed his country has no need for "unsolicited advice from the outside" in comments to appear in Friday's edition of the daily Kurier.
"We will find a solution concerning the exchange of data," he reassured the daily. "We must put fighting tax evasion at the top" of our priorities.
A French list of non-cooperative countries and territories (NCST) has in fact existed since 2010, and its latest update in April 2012 contained eight names, down from 18 in the original version.
At present, Botswana, Brunei, Guatemala, the Marshall Islands, Montserrat, Nauru, Niue and the Philippines are considered by Paris to be uncooperative in the fight against tax fraud.
Leading European countries have called meanwhile for a continental version of the US Foreign Account Tax Compliance Act (FATCA), which obliges foreign countries to reveal information on the investments and revenues of US citizens abroad.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france warns austria to join fight against tax fraud Arab Today, arab today france warns austria to join fight against tax fraud

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france warns austria to join fight against tax fraud Arab Today, arab today france warns austria to join fight against tax fraud

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday