4 March 2008 - 18:11The European Union Vs The Super Rich

The four biggest tax havens in the world are on course to clash with the European Union. The EU’s 27 strong high command of finance and economics minsters are meeting in Brussels to formulate a plan to safe guard billions of Euros which are diverted to Switzerland, Monaco, Lichtenstein and Andora.

Many people, including ourselves are quite skeptical of the outcome of this new push. It appears that the European Union is in need of more finances and is using these countries as scape goats to get some easy money.

It has recently been reported that HMRC has paid an informer to provide bank details of UK nationals accounts in Lichtenstein. Is this the thin end of the wedge, and more to the point will this evidence hold up in court?

Do you think the EU is correct to clamp down on these tax havens?

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1 Comment | Tags: tax avoidance

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  1. Tax Refund of $101M Rejected by Court | Tax Rebate Blog says;
    20 Jun 2008 - 10:45

    […] that they are coming down hard on companies who they see as an easy short term target. Similar Tax Rebates problems are occurring in the European union. The result could be that firms move their […]

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