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EC acts to combat tax avoidance

The European Commission has adopted proposals for new directives aimed at improving co-operation between member states to help combat tax evasion and fraud.

We understand that one of the key proposals is that member states would no longer be able use bank secrecy to reject cross border co-operation.

The new proposal is much wider in scope than the existing rules as it apparently covers all taxes except those that are dealt with under a specific European Community legislation, such as VAT and Excise duties. Read the full story:




Date: 19th February, 2009
Author: Cathy Corns


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