EU Tackles Tax Evasion as Luxembourg Resists Speedy Pact
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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.
At a one-day summit in Brussels, the 27-nation bloc sought to find common ground on hunting down tax dodgers and collecting revenue to offset the recession. At the same time, they hedged their bets on a long-delayed update to the EU’s savings tax accord, which governs how nations share data on earnings from cross-border accounts.