Germany Expects Austria, Luxembourg to Participate in Tax Evasion

Germany is expecting Austria and Luxembourg to participate in the efforts that are initiated EU-wide to compress the tax evasion, even if the two countries were blocked by a key EU proposal on the topic.

An EU summit that was dedicated to the tax evasion was not at all meant to pressurize Austria and Luxembourg. However, the government of Germany is expecting both the countries to eventually back an initiative that was blocked by them in the gone week.

A senior German official highlighted the importance of agreement of the Austrian and Luxembourg finance ministers to provide a priority to the European Commission for saving tax deals with Switzerland, Andorra, Liechtenstein, Monaco and San Marino.

He said that if they give a nod to the automatic data exchange procedures between the EU and the listed five countries, it will mean that they will be taking part in the automatic data exchanges within EU. A clear link is clearly being illustrated in it.

At the same time, in Brussels, the EU authorities said that they hope that the summit that is going to take place on Wednesday will be bringing along "some movement" from the Austrian and Luxembourg delegations.

Irish foreign minister Eamon Gilmore said that the mandate that received agreements was a vital breakthrough. However, the EU states still require increasing the measures taken in agreeing the EU savings tax directive.


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