French President François Hollande promised he would ‘eradicate’ tax havens ‘in Europe and the world’, as part of his government’s major anti-corruption push, speaking at a press conference on Wednesday afternoon.
Hollande made the announcement as part of a move to ‘go all the way’ in cleaning up politics, in the aftermath of the downfall of former Socialist Budget Minister Jérome Cahuzac.
Speaking after a cabinet meeting in Paris, Hollande said that French banks would be required to declare all of their subsidiaries around the world.
He also announced the creation of a special prosecutors' office to pursue corruption and tax-fraud cases, as well as a new government authority to monitor the assets and potential conflicts of interests of ministers, parliamentarians and other senior elected officials.
Hollande said there was "a need for a relentless battle against the excesses of money, greed and secret finance." Full story...
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Hollande made the announcement as part of a move to ‘go all the way’ in cleaning up politics, in the aftermath of the downfall of former Socialist Budget Minister Jérome Cahuzac.
Speaking after a cabinet meeting in Paris, Hollande said that French banks would be required to declare all of their subsidiaries around the world.
He also announced the creation of a special prosecutors' office to pursue corruption and tax-fraud cases, as well as a new government authority to monitor the assets and potential conflicts of interests of ministers, parliamentarians and other senior elected officials.
Hollande said there was "a need for a relentless battle against the excesses of money, greed and secret finance." Full story...
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- France's First Lady accused of 'embezzling' taxpayers' money...
- French police raid Paris home of IMF chief Christine Lagarde...
- Germany to negotiate deal with Singapore against tax evasion...
- The world's super rich hiding up to $32 trillion offshore...
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