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Swiss cheese: the EU is seeking new ways to prevent tax evasion in countries well-known for their bank secrecy (Photo: Wikipedia)

EU states crack down on tax evasion

France and Germany are boosting efforts to curb tax havens in Europe, with Berlin suggesting Switzerland should be added to a blacklist run by the Organisation for Economic Cooperation and Development (OECD), the Paris-based think-tank of the world's 30 richest countries.

The two countries along with 15 other states participated in a meeting in Paris dedicated to the controversial issue on Tuesday (21 October) and urged the OECD to revise the current list of 40 countries regarded as "ta...

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Swiss cheese: the EU is seeking new ways to prevent tax evasion in countries well-known for their bank secrecy (Photo: Wikipedia)

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