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The EU hopes to stop people who avoid paying taxes by depositing money abroad (Photo: Goldline international)

EU tax evasion crackdown delayed again

The European Union's ambitious plan to track down citizens depositing money abroad in order to avoid taxes will be delayed again, since two non-EU countries will not be ready on time.

Switzerland and Liechtenstein, both known as major tax havens, confirmed yesterday (23 June) that they will not be ready by the beginning of next year and that cracking down on cross-border tax evaders will be delayed at least six months, reports AP.

EU ambassadors have decided therefore to delay the...

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The EU hopes to stop people who avoid paying taxes by depositing money abroad (Photo: Goldline international)

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