BRUSSELS MAY MAKE TAX FRAUD A PREDICATE MONEY LAUNDERING OFFENCE, EU TAXATION COMMISSIONER SAYS

THE EUROPEAN Commission is considering proposing that tax fraud be officially made predicate offences generating money laundering across the European Union (EU), the EU taxation Commissioner Algirdas Šemeta told a European Parliament hearing on tax fraud and tax evasion in Brussels yesterday (Wednesday).Looking ahead to oncoming proposals for a fourth money laundering directive on February 5, Šemeta said the change could be imposed “in the context” of this proposed legislation.According to the commissioner, this move “would facilitate the cooperation ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.