EU seeks to unleash crackdown on tax evasion | Bangkok Post: news

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EU seeks to unleash crackdown on tax evasion

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European finance ministers on Tuesday bid to unlock a trillion-euro annual crackdown on tax evasion, under pressure from EU leaders looking for new measures to boost job creation and growth at their Brussels summit next week. 

Luxembourg's Prime Minister Jean-Claude Juncker (L) shakes hands with European Union Council President Herman Van Rompuy at the EU Council building in Brussels, on May 13, 2013. European finance ministers will bid to unlock a trillion-euro annual crackdown on tax evasion, under pressure from EU leaders looking for new measures to boost job creation and growth at their Brussels summit next week.

The meeting is expected to be laborious, with Austrian seeking guarantees before agreeing to the automatic sharing of bank records and amid squabbling over the need for treaty change to fix a seemingly stalled banking union sold as the final fix for the debt crisis.

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