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Frieden: ' (Photo: consilium.europa.eu)

Luxembourg says No to new EU tax law

Luxembourg, one of the EU's smallest but richest countries, has said No to a new law against tax evasion.

Its finance minister, Luc Frieden, told press in Brussels on Monday (13 May): "We won't agree tomorrow to the savings tax directive with an extended use because there's still some need for clarification."

He added: "At the moment we lack precision about a number of questions that need answers … We don't know how this will be written into European law and we're not sure that al...

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Author Bio

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.

Frieden: ' (Photo: consilium.europa.eu)

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Author Bio

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.

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