Europe’s five largest economies – Germany, the UK, France, Italy and Spain – have signed a deal to automatically share bank details of account holders as part of a push to combat tax evasion, writes theEUobserver.
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In recent years, so-called tax havens have been attacked by opponents of free trade and free markets. International bureaucrats and left-wing politicians accuse tax havens of everything from facilitating tax evasion and money laundering to precipitating financial instability. Such attacks are inaccurate and obscure the fact that
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