Arab Today, arab today scandalhit hollande vows to \eradicate\ tax havens
Last Updated : GMT 00:52:23
Arab Today, arab today
Arab Today, arab today

Scandal-hit Hollande vows to \'eradicate\' tax havens

Arab Today, arab today

Arab Today, arab today Scandal-hit Hollande vows to \'eradicate\' tax havens

Paris - AFP

French President Francois Hollande on Wednesday vowed to \"eradicate\" tax havens, increase checks on officials\' finances and crack down on tax cheats as he grappled with a scandal over an ex-minister\'s secret Swiss bank account. The new measures, laid out a week after his former budget minister Jerome Cahuzac was charged with tax fraud, were part of what Hollande promised would be \"a relentless battle against the excesses of money, greed and secret finance.\" The new \"moralisation\" drive will include steps to limit the use of tax havens by forcing banks to expose their foreign activities, Hollande told a post-cabinet press conference. \"Tax havens must be eradicated in Europe and the world,\" Hollande said. \"French banks will be required every year to make public the list of all their subsidiaries everywhere in the world, country by country,\" and will be required to \"declare the nature of their activities,\" he said. Hollande said he wanted the requirement extended to banks across the European Union and eventually to major corporations. Hollande also announced initiatives to restore confidence in public officials and boost the fight against tax evasion, with a new law to be presented by April 24. A new \"completely independent\" government authority will be created to monitor the assets and potential conflicts of interests of ministers, parliamentarians and other senior elected officials, he said. The government has already ordered ministers to declare their assets publicly by Monday and other officials will face the same requirement once the law is adopted. A special prosecutor\'s office will also be created to lead the fight against corruption and tax evasion, and punishments for fiscal crimes will be increased, Hollande said. His Socialist government is scrambling to contain the scandal surrounding Cahuzac, who was charged with tax fraud after admitting to having an undeclared foreign bank account containing some 600,000 euros ($770,000). Critics have called for a cabinet reshuffle over the scandal and said Wednesday the new measures did not go far enough to restore confidence in the government. \"We\'re still as much in the dark,\" said the head of the main opposition right-wing UMP party, Jean-Francois Cope. \"None of the measures proposed would have prevented the Cahuzac scandal.\" \"The attempts at distraction continue. The president has still not taken the full measure of the scandal, of what\'s happening with Cahuzac,\" said Christian Jacob, the head of the UMP faction in the lower house National Assembly. Judges\' associations criticised the planned prosecutor\'s office to fight tax evasion, saying specialised judicial offices already existed to tackle that and other financial crimes. But the head of Hollande\'s Socialist Party, which expelled Cahuzac over the scandal, welcomed the measures and said they should be implemented as quickly as possible. \"The president today displayed an unwavering political will to strengthen the control and transparency of political life,\" Harlem Desir said in a statement. Following Hollande\'s orders, Economy and Finance Minister Pierre Moscovici on Wednesday detailed his modest assets on LCI television: a 200,000-euro ($260,000) apartment in his electoral fief in eastern France and a rented apartment in Paris. \"Not very much,\" he noted with a wry smile. Cahuzac resigned on March 19 after prosecutors opened a probe into the Swiss account, whose existence he had repeatedly denied to the president, on the floor of parliament and in media interviews. Critics have rounded on Hollande and his ministers, accusing them of either trying to cover up the scandal or of mismanagement for having believed Cahuzac\'s denials. Polls have shown widespread discontent with the handling of the crisis by the government and Hollande, who is languishing in the polls less than a year after defeating right-winger Nicolas Sarkozy for the presidency.

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 scandalhit hollande vows to \eradicate\ tax havens Arab Today, arab today scandalhit hollande vows to \eradicate\ tax havens

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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