The European Union is clamping down on tax fraud; evasion, havens, “aggressive tax planning” and the like. It is all dependent, of course; dependent on finalising an agreement with Switzerland and others outside the EU, dependent on Luxembourg opening up its secretive banking system, and dependent on the G8 and G20, without them they can be no global standard, a prized goal of European Commission president, Jose Manuel Barroso.

It makes sense for the EU to go after tax evaders...

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