EU orders five countries to apply new laws on tax evasion
The European Commission told five European Union countries on Thursday they must enforce new EU laws aimed at tackling tax evasion within the next two months or else face court action. The EU’s executive warning to Italy, Poland, Belgium, Greece and Finland’s self-governing Aland Islands comes amid increased public anger about large international companies and wealthy individuals who pay little or no tax. The new laws require states to share information with each other on possible tax evaders and set deadlines for how quickly information must be provided. Countries cannot refuse requests to share information by saying the data is held by banks. Member states should have begun applying the law from the beginning of 2013, the Commission said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.