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30 April 2014

The reality check on Taxation of Savings Interest Directive

On March 20, 2014 Austria and Luxembourg accepted a long-delayed European Union law aimed at curtailing bank secrecy and tax evasion.

That law, which Austria and Luxembourg have blocked since 2008, would require the EU's 28 member states to automatically exchange information on accounts held by their citizens abroad, making it easier to find hidden funds and collect taxes on interest income.

Prime Minister Xavier Bettel has lifted the long standing reservations of Luxembourg and allowed for the implementation of the European directive that has lead to improving bank transparency rules.

Until November 2013, the Minister of Finance of the Jean-Claude Juncker coalition government (Christian Democrat - Socialist) had in the ECOFIN opposed the approval of this directive.

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10 June 2014

Verhofstadt message to European leaders: Europe needs reform, not rejection
Guy Verhofstadt calls on EU leaders, especially Angela Merkel, David Cameron, Fredrik Reinfeldt and Mark Rutte meeting yesterday and today in Harpsund (Sweden), to focus on a clear vision of how the EU, through its economies of scale, can be a catalyst for growth in the years ahead.

27 May 2014

Guy Verhofstadt attended the liberal prime ministers' meeting today ahead of the informal European Council

Conclusion of the meeting was that the political groups of the EPP and the PES parties lost 70 seats in the May 22-25 election.This means that ALDE will be key to the formation of a stable parliamentary majority in the European parliament.

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