EU pushes against new tax fraud laws | Bangkok Post: news

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EU pushes against new tax fraud laws

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The European Commission said Wednesday that the EU's five biggest economies already had the legal tools they need to exchange more information between them in a move to clamp down on secret bank accounts held abroad. 

Flags in the Alpine resort of Gstaad, in the Swiss canton of Bern last September ahead of vote on the removal of a controversial low-tax deals for wealthy foreigners. The European Commission said that the EU's five biggest economies already had the legal tools they need to exchange more information between them in a move to clamp down on secret bank accounts held abroad.

The European Union executive's intervention came as French President Francois Hollande 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.

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