The ECOFIN meeting of
eurozone finance ministers on Tuesday green-lit the exchange of
banking and fiscal data between member States in a bid to track
down tax dodgers.
The new measure becomes effective in 2017 in 27 eurozone
countries and the following year in Austria, which said it
needed more time.
The measure will allow individual countries to track down
and levy taxes on assets being held in foreign banks by
individuals, entities, and funds.
"The European Union has taken a substantial step forward in
the fight against tax evasion," said Italian Economy Minister
Pier Carlo Padoan, who is the duty president of ECOFIN.
ALL RIGHTS RESERVED © Copyright ANSA
