Thursday, May 23, 2013

A GAME OF HIDE AND SEEK

NO PLACE TO HIDE
Johann Wagener 5-23-13

If you can remember back to when you were a kid then you know how the game is played. We all close our eyes, count to 100 (during which time you find a place to hide) and then we come after you.

Well..........guess what? The EU is saying to the 1%, "peek-a-boo, we see you!"

MEPs urge EU to tackle tax havens and avoidance



The European parliament has urged EU member states to halve the €1 trillion taxation gap within the next eight years by tackling tax havens and improving tax collection.

MEPs this afternoon voted for a draft resolution, ahead of tomorrow’s EU summit in Brussels, calling on member states to allocate resources to prosecute tax evaders and recover lost assets.

The resolution also calls on members to suspend or revoke the banking licences of institutions and advisors who assist their customers in tax fraud.

European Commission president Jose Manuel Barroso said the EU has built up a “toolbox” for tackling tax avoidance and fraud and “now we have to use it.”