The European Commission has said the EU is building "the most comprehensive information exchange system in the world" to combat tax dodging.
Algirdas Semeta - the Lithuanian commissioner behind a series of new tax laws - made the claim in Brussels on Wednesday (12 June).
He told press his regime goes further than recent US legislation, the Fatca law, which says foreign banks can lose their US licence if they do not share information on US account holders.
"The EU system wil...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.