An amendment to France’s 2010 budget, adopted recently by the National Assembly Finance Committee, stipulates that the removal of any jurisdiction from the country’s “black list of tax havens" will have to be approved.
The amendment demonstrates the determination of the committee to toughen existing measures contained in the country’s 2009 supplementary budget bill.
The supplementary budget provides for the annual publication from 2011 of a 'black list' of so-called “tax havens”: countries or jurisdictions deemed uncooperative in tax matters.
President of the Committee, Didier Migaud, welcomed the adoption of another amendment, also designed to crack down on 'tax havens' and tax crime, which provides for the introduction of a new fiscal judiciary procedure.
The supplementary budget, together with the recent amendments, are due to be examined in public session on December 9.
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