Posted on 03/20/2014 5:43:47 PM PDT by Olog-hai
European Union nations on Thursday agreed on a sweeping policy to fight tax evasion after tiny Luxembourg dropped its reservations to new rules which render its secretive banking culture more transparent.
Luxembourg Prime Minister Xavier Bettel confirmed at Thursday’s summit of EU leaders “the willingness of the government to take that road,” a key step to scrap the banking secrecy for foreigners. […]
The legislation proposes an EU-wide automatic exchange of data on bank deposits to allow governments to identify and pursue tax evaders with foreign accounts on home soil. Van Rompuy said it would “close down loopholes, promote automatic information exchange to bring in tranparency.”
The Grand Duchy of Luxembourg was long seen as a paradise for tax evasion because of slack regulation, lax taxes and its famed secrecy that drew everyone from Belgian dentists to international investors looking for ways to launder money. Austria too long was a recalcitrant holdout. …
(Excerpt) Read more at hosted.ap.org ...
Because it is their money .... no matter where it resides!!
.
global taxation is gonna make it a WHOLE lot easier for global governance.
just you watch.
That’s the idea here.
new world order total irianism
welcome to new slavery
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