Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-10-Speech-3-369"
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"en.20100210.25.3-369"2
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"We must implement a policy of good governance, both within and outside the European Union, not least to oppose unfair tax competition, particularly with those countries that represent tax havens. Transparency and the physical exchange of information are the foundations of fair competition and of a fair distribution of the tax burden.
Moreover, good tax governance is an important pre-condition for preserving the integrity of financial markets. The motions on administrative cooperation and on mutual assistance for recovery, which we are adopting in this plenary session, are taking us in this direction. At the international level, one of the instruments that the EU can use to promote good governance in tax matters in third countries is to negotiate tax fraud agreements with them, which include a clause on an exchange of information.
The statements of the five countries with which the EU has a savings agreement (Monaco, Switzerland, Liechtenstein, Andorra and San Marino) are an important step towards the end of a situation of complete imbalance. Such statements must, however, be followed by the conclusion of legally binding agreements. The EU must also act as a driving force in this sector, setting a good example and following through what the G20 summit has already set in motion."@en1
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