Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-06-23-Speech-2-115-182"
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"en.20160623.28.2-115-182"2
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"I voted in favour of this report, which approves the agreement that has been negotiated by the EU and Monaco on the automatic exchange of financial account information between EU Member States and Monaco relating to accounts of each other’s residents.
The purpose is to reduce tax avoidance and evasion. Automatic exchange of information will take place from 2018 on information collected since the start of next year.
Under the agreement, Monaco will apply measures equivalent to the EU’s on reporting the taxation of savings income, and come into line with the OECD’s 2014 standards. There was a previous agreement on this in 2004 which Monaco is updating to current standards adopted in the EU in December 2014.
As the general aim is to reduce tax avoidance and evasion I was happy to vote in favour."@en1
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