EU begins crackdown against 'tax paradises'

[flashl]

BRUSSELS: In the shadow of the Lichtenstein scandal and under pressure from Germany, the European Commission will issue new proposals this year that are likely to widen the scope of tax evasion laws.

Jolted by the Lichtenstein tax scandal, European countries on Tuesday took the first steps toward enacting a fresh clamp down on tax havens on their doorstep.

Under pressure from Germany, the European Commission will draw up new proposals this year that are likely to widen the scope of legislation on tax evasion - and close a loophole under which trusts and some other savings escape the same controls as cash.

...

However the newest initiative seems destined to re-ignite the long-running and bitter EU battle over banking secrecy.

IHT

[Celebration]

1. Google "Tax Haven Abuse Act" and Obama

http://news.google.com/news?hl=en&tab=wn&q=%22Tax+haven+abuse+act%22+obama&btnG=Search

No news of this from USA sources, only from the pirate coves, oops tax havens, and Europe. There seems to be a news embargo on this subject, that coincided with growing MSM attacks on Obama.

This may be our most important economic issue, and, of course, it is swept COMPLETELY under the rug.

[leftofthedial]

2. goddamned socialists!

they'll take all the fun out of being a robber baron, I'm warning you!