Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-07-Speech-2-232-000"
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"en.20110607.23.2-232-000"2
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"Mr Cohn-Bendit, you are right when you say there is a problem with tax evasion in Greece, although, in my opinion, this has not caused the Greek structural problem.
We are currently addressing the issue of banking secrecy. As you know, since March 2009, all Member States as well as Switzerland have agreed to implement the Organisation for Economic Cooperation and Development (OECD) standard which stipulates that a State cannot refuse to provide information if so requested by another State, on the grounds that this information is held by a bank or any other financial institution. This principle was included by us, the Commission, in the directive on administrative cooperation in the field of taxation, which came into force on 11 March 2011 and which, unfortunately, will only be applied on 1 January 2013.
The question of banking secrecy has therefore been dealt with at European level from a legal point of view and cannot constitute an obstacle to the full exchange of information on request between tax authorities. I believe that all the criteria have already been met, on the basis of administrative cooperation, for Member States and the EU to now give Greece information about any fraud or tax evasion."@en1
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