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EU Big Five launch tax crackdown
Source: BBC
The five largest economies in the European Union have agreed to share information on secret owners of businesses and trusts.
It is a concerted attempt to show their leaders are responding to public concern over the Panama Papers leak.
The UK, Germany, France, Italy and Spain have agreed to the data exchange.
Treasury officials told the BBC the move would make it harder for businesses and wealthy individuals to operate without paying correct taxes.
Information on the ultimate "beneficial owners" of companies and trusts would now be automatically exchanged.
Read more: http://www.bbc.co.uk/news/business-36049817
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
Brilliant !!
