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Midweek Roundup: France’s Hollande Calls for Bank Disclosures to ‘Eradicate’ Tax Havens, Luxembourg to Share Tax Data, and More
printFrance's President Francois Hollande is asking French banks to declare all of their subsidiaries as part of an effort to "eradicate" global tax havens, Financial Times reported. Hollande, whose ex-budget minister is facing charges of tax evasion through a Swiss financial institution, is proposing rules that would require banks to publish annually a list of their subsidiaries in tandem with the future publication of a governmental list of tax havens. More Under a newly penned agreement, Luxembourg will automatically provide data to the European Union on interest payments made to Europeans with accounts in the country, the Associated Press said...
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