EU Countries To Launch Anti-Tax Evasion Pilot Program

Law360, New York (April 9, 2013, 4:49 PM EDT) -- The U.K. and four other major European countries have agreed to develop a tax information exchange designed to both detect and deter tax evasion through the automatic sharing of bank information between the countries, the U.K. Treasury announced Tuesday.

The exchange, a joint pilot program of the U.K., France, Germany, Italy and Spain, will require banks in the five countries to share a range of account information with tax officials, including account holders’ names, account balances, transactions and other personal details, according to the countries....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.