Jeroen Dijsselbloem, the Finance Minister announced yesterday in a press conference that the European Ministers of Economy and Finance, met in Ecofin Council had agreed on a draft directive on the exchange of tax information .
Prevent tax evasion
The exchange of data between tax services at European level, an important measure to prevent tax evasion.
The Directive requires larger companies to publish annual country-by-country report on the taxes they pay. “The Directive increases the transparency of the action against the escape,” according to Jeroen Dijsselbloem.