BERLIN (Reuters) - The European Union's five largest economies have agreed to deepen their cooperation on fighting tax evasion and expect other member states to join their initiative, the German finance ministry said on Tuesday.
The finance ministers of Germany, France, Britain, Italy and Spain (G5) have written a joint letter to the European Commission explaining their pilot project, the ministry said. It envisages as a first step the automatic exchange of information between the signatory countries concerning investment income.