Arab Today, arab today all eu nations agree plan to combat tax evasion
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

All EU nations agree plan to combat tax evasion

Arab Today, arab today

Arab Today, arab today All EU nations agree plan to combat tax evasion

Brussels - AFP

All 28 EU member states have now signed up to an agreement to combat tax evasion after Austria and Luxembourg dropped their objections to a plan first mooted in 2008, officials said Thursday. There "is a green light" from Luxembourg, Prime Minister Xavier Bettel said. Luxembourg, an important financial centre, "has been advancing towards becoming a transparent banking" system, Bettel told a briefing. "We confirmed today that this is the course we want to follow," he added. Officials said Austria had also indicated it would now come on board. The EU savings tax directive requires banks to automatically exchange account information with authorities in other countries to ensure that they can track and tax money no matter where it is held. To come into effect, the directive needed the support of all 28 European Union member states. Austria and Luxembourg had jealously guarded their financial services industries, but came under attack as the 2008 global crash morphed into the European debt crisis. Bailouts for the banks hit in the crisis went down badly with taxpayers, who blamed them for causing many of the problems in the first place through reckless risk-taking, driving demands for reform. Austria and Luxembourg argued that they would only agree if the EU made enough progress with other international financial centres, including Switzerland, to ensure they respected the new rules too. EU president Hermann Van Rompuy said the accord was essential to fight tax evasion. "This is indispensable for enabling the member states to better clamp down on tax fraud and tax evasion," Van Rompuy said in a statement.

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 all eu nations agree plan to combat tax evasion Arab Today, arab today all eu nations agree plan to combat tax evasion

 



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 all eu nations agree plan to combat tax evasion Arab Today, arab today all eu nations agree plan to combat tax evasion

 



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
View News in Arabic - Business: نفط وبتروكيماويات
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