Tax summit in Berlin aims to fight against tax fraud and evasion


BERLIN: The finance ministers of around 50 countries meet in Berlin to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion.

“Banking secrecy, in its old form, is obsolete,” German Finance Minister Wolfgang Schaeuble (pic) said in an interview in the mass-circulation daily Bild yesterday.

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Business , OECD , taxation , fraud

   

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