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EU to end tax evasion and bank secrecy

Posted by seumasach on May 25, 2013

“At a time when finances are tight and taxpayers are squeezed, it’s only right that we crack down on those who pursue illegal means to avoid making any contribution to public coffers, and who put smaller competitors at a disadvantage,” said Conservative MEP Martin Callanan, in a direct challenge to British PM David Cameron to make tax evasion a priority in the UK

RT

22nd May, 2013

In a period of record recession and unemployment, the EU has decided to recover a reported €1 trillion in tax revenue lost in loopholes and fraud, and has set a one year deadline to end banking secrecy.

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