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| Semeta Turns Up Heat On Liechtenstein Anti-Fraud Agreement |
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, January 14, 2010
European Union (EU) Tax Commissioner-designate Algirdas Semeta has urged member states to
increase pressure on Austria and Luxembourg to sign the anti-fraud agreement with
Liechtenstein.
During a recent EU parliamentary committee meeting, the designated Tax Commissioner
emphasized the fact that there are still member states within the EU who continue
to oppose the agreement.
Given that the anti-fraud agreement with Liechtenstein is expected to serve
as a model for the negotiation of further agreements with other countries, such
as Switzerland and Monaco, it is imperative that the agreement is signed and
sealed, he continued.
According to Semeta, the signing of such agreements will strengthen the fight
against tax evasion and tax fraud.
Up until now, Austria and Luxembourg have opposed the signing of the anti-fraud
agreement with Liechtenstein, and have also opposed plans to revise the Savings
Tax Directive.
Semeta underlined the fact that tax competition must be
fair. He also alluded to “harmful practices” within the EU in the
area of taxation. He concluded that now the damages caused by so-called “tax havens”
have been recognized, a common solution must be found.
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