Loopholes exposed in EU-wide tax initiative

Only a week after the introduction of an EU law that allows tax authorities to trace savings accounts across Europe, there are concerns that loopholes might threaten its effectiveness.

9th July, 2005

Only a week after the introduction of an EU law that allows tax authorities to trace savings accounts across Europe, there are concerns that loopholes might threaten its effectiveness.

The law is expected to help the Revenue Commissioners to track savings held by Irish people in other EU member states.

The Gibraltar government, which has signed up to the directive, said last week it did not have to share information with tax authorities in Britain.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago