Jean-Claude Juncker News
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EU leaders vowed to investigate “aggressive” tax planning as Luxembourg continued to object to speedy action on an updated information-sharing accord.
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European Union leaders in the coming week will pledge to step up efforts to fight tax evasion and conclude work by year end on an updated savings-tax pact that covers how countries share data, according to draft conclusions for their May 22 summit.
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Luxembourg Prime Minister Jean-Claude Juncker said his nation has reservations that prevent an imminent conclusion of an updated European Union savings tax accord, signalling EU leaders may not be ready to secure more commitments on anti-tax-evasion efforts at a May 22 summit.
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Liechtenstein, a principality once fabled for its banking secrecy laws, is losing its perch as one of the world’s top tax havens for the richest people on Earth.
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Luxembourg will begin the automatic exchange of tax data in 2015, easing its bank-secrecy rules as part of efforts to fight the financial crisis.
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Luxembourg will begin the automatic exchange of tax data in 2015, easing its bank-secrecy rules as part of efforts to fight the financial crisis.
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Dutch Finance Minister Jeroen Dijsselbloem will present his road map for the euro area at a meeting of finance chiefs on Jan. 21, Germany’s DPA news agency reported, citing Luxembourg Prime Minister Jean-Claude Juncker.
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Luxembourg’s Jean-Claude Juncker, who heads the group of euro-area finance ministers, said he’s baffled by the “stress test” placed on the region amid its continuing fiscal crisis.
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The new bank-supervision arm of the European Central Bank will be headed by a French woman, Luxembourg Prime Minister Jean-Claude Juncker said, furthering speculation that France’s Daniele Nouy is in line for the job.
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The euro area and the International Monetary Fund will be able to work out a disagreement over the timeline for reducing Greece’s debt load, Luxembourg Prime Minister Jean-Claude Juncker said after the discord helped push the euro down for a fifth day.
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