President Plans for Automatic Data-Sharing on Taxes
FINANCIAL PRIVACY—EUMay 23, 2013
French President Francois Hollande has said European countries will start working on an automatic exchange of tax information, Reuters reports. The president said at a recent summit of European leaders that the effort aims to recover some of the billions lost in tax evasion each year. “We must coordinate at a European level, harmonise our rules and come up with strategies to stop this,” he said.