European Union (EU) Tax Commissioner-designate Algirdas Semeta has urged member states to increase pressure on Austria and Luxembourg to sign the anti-fraud agreement with Liechtenstein.
During a recent EU parliamentary committee meeting, the designated Tax Commissioner emphasized the fact that there are still member states within the EU who continue to oppose the agreement.
Given that the anti-fraud agreement with Liechtenstein is expected to serve as a model for the negotiation of further agreements with other countries, such as Switzerland and Monaco, it is imperative that the agreement is signed and sealed, he continued.
According to Semeta, the signing of such agreements will strengthen the fight against tax evasion and tax fraud.
Up until now, Austria and Luxembourg have opposed the signing of the anti-fraud agreement with Liechtenstein, and have also opposed plans to revise the Savings Tax Directive.
Semeta underlined the fact that tax competition must be fair. He also alluded to “harmful practices” within the EU in the area of taxation. He concluded that now the damages caused by so-called “tax havens” have been recognized, a common solution must be found.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment