Germany's Schaeuble Calls for Global Unity to Fight Tax Evasion
- Finance minister unveils plan following Panama data leak
- Company registers must be globally connected, Schaeuble says
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German Finance Minister Wolfgang Schaeuble called on world leaders to forge a global response to tackle tax evasion in the aftermath of the Panama leaks that laid bare the inner workings of offshore tax havens.
Speaking at the annual reception of the BdB Association of German Banks, Schaeuble said company registers around the world must be coordinated. Earlier on Monday, outgoing BdB head Juergen Fitschen said the lobby supports the ministry’s efforts to combat tax evasion and hailed additional reporting requirements as contributing to transparency and bolstering banks’ reputations.