Europe to set out tax evasion sanctions

The Commission will argue a common approach will "defeat the fraudsters and evaders" and enable it to "reclaim vast sums of money that are legitimately due". It is expected to suggest the possibility of EU-wide minimum rules for certain types of tax offences and will look at introducing cross-border tax identification numbers for businesses, to allow countries to exchange information automatically, reports The Times. It is also considering setting up a team of auditors focused specifically on cross-border tax fraud to improve the fight against tax evasion in the 27 countries of the Eu...