Tax Evasion will be on European Summit’s Agenda

The losses worth millions as a result of tax evasion in the European Union (EU) is one of the topic that will be discussed at the Summit of leaders from this bloc, planned in the current week.

The issue will be getting the strength at a time of a scandal in France in association with a mysterious 600,000 Euros bank account that was possessed by the former Budget minister Jerome Cahuzac in Switzerland.

The problem becomes quite important to deal with, because the officials were behind the official for controlling public finances and fighting against the tax dodging and money laundering.

Coinciding with the disgrace, the press published an international journalistic inquiry. The inquiry suggested that there are near about 130 000 people with off shore companies in the world. They are in the tax havens of Virgin Islands, Cayman Islands, Cook and Samoa Islands and Singapore.

Brussels said that the problem can be terminated by leaving every year losses of about a billion Euros. EU has decided to talk about the topic in the summit which has been planned on May 22.

The President of the European Council, Herman Van Rompuy, said that he had decided to include tax evasion on the schedule of the summit. He added that it will equalize the entire gross domestic product of Spain.


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