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Tue, 30 Apr, 2013 12:02:13 AM
FTimes-STT Reports, April 30

 

Finance Minister Jutta Urpilainen (left), Greek Deputy Finance Minister George Mavraganis, Luxembourg Finance Minister Alphonse Berns, Liettun Finance Minister Mr Rimantas ŠADŽIUS and the Slovak Minister Peter Kazimir colloquium tax fraud and tax evasion stepping in Helsinki on Monday, 29 April 2013. Photo - Lehtikuva
Finance Minister Jutta Urpilainen on Monday said the European Union finance ministers in a meeting scheduled for May 13 might reach an agreement on the measures necessary for eradicating tax evasion and tax havens. 
 
Urpilainen made the remark in his address to the international seminar on ‘How can we enhance prevention of tax fraud and tax evasion’, in which EU Commissioner for Taxation Algirdas Šemeta, Lithuanian Finance Minister Rimantas Šadžius, Luxembourg Finance Minister Luc Frieden, Slovakian Finance Minister Peter Kažimír, and representatives of the OECD and the European Parliament also took part.
 
Urpilainen expressed the hope that the decision would be unanimous as a political will was necessary to prevent tax fraud and tax evasion as well as to work against tax havens.
 
 
She said even the countries that had earlier opposed the move changed their attitude.
 
‘For example, Luxembourg is ready to start the automatic exchange of information from early 2015,’ she mentioned.
 
The Finnish minister termed the EU’s lack of common criteria on the issue an obstacle to the initiative, saying that she supported the move for the EU adopting a common set of criteria. 
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