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France Demands Systematic Tax Information Exchange From Banks

September 10th, 2009

Tax-News.com

Determined to step up efforts to crack down on tax evasion, France’s Budget Minister Eric Woerth has announced his decision to demand assistance from the country’s banks.

During a recent meeting held with representatives of the French banking federation, ‘la Fédération Bancaire Française’ (FBF), the Minister confirmed his aim to ensure that a systematic exchange of tax information takes place between the banks and the tax authorities, based on the systems in place in the UK and Ireland.

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