EU EURO COUNTRIES: EU ministers to thrash out tax clampdown

Sunday, May 12, 2013

RAYLOKEMay 12, 2013 at 10:53 AM
BOUNTY in Tax Evation ; EU ministers to thrash out tax clampdown http://on-msn.com/18DGi1n via @mymsnnews
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RAYLOKEMay 12, 2013 at 10:56 AM
BOUNTY in Tax Evation ; EU ministers to thrash out tax clampdown http://on-msn.com/18DGi1n via @mymsnnews ...;The drive to uncover revenues stashed away in offshore accounts is backed by other non-EU governments in the Group of 20 major international economies.

On Friday at G7 talks in England, ministers including US Treasury Secretary Jacob Lew firmed up their commitment to combatting tax evasion, which is illegal, and tax avoidance, which occurs when individuals and companies take advantage of legal loopholes.

Britain has made the issue a priority of its presidencies of the G7 and G8, and Britain's Chancellor of the Exchequer George Osborne said: "It is vital that both developed and developing countries collect the tax that is due to them."
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EU EURO COUNTRIES