One step closer to transparency, to combat tax evasion. This would be Italy, France, Germany, Spain and Great Britain, i.e. the EU countries that are thinking of a joint project to detect and prevent tax fraud, through pooled databases that would facilitate the exchange of information. The plan was presented by the economy ministers of the five countries in a letter sent to the EU Commission.
The project would follow the footprint of the US "Fatca", which allows you to obtain all the information on all bank accounts, investments and income abroad of American taxpayers. “We have to pass to the exchange of automatic information on a European scale – said the French Minister Pierre Moscovici – passing the stage of information on request”.
Naturally, the five countries would also like to involve the other EU members in the project: “We invite other states to join and we hope that the EU can become a leader in promoting a global system of automatic exchange of information, removing hiding places for those trying to escape".
The EU Commission, through the mouth of the tax commissioner Algirdas Semeta, welcomed the action of France, Italy, Germany, Spain and Great Britain: “Automatic exchange of information is the only way forward".
