France Demands Systematic Tax Information Exchange From Banks

September 10th, 2009

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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