Agence France-PresseApril 12, 2013 11:02
The fight against tax evasion will be on the agenda of the next European Union summit in May, EU president Herman Van Rompuy said Friday.
"Every year a trillion euros are lost in tax evasion and tax avoidance" in Europe, Van Rompuy said in a video message. "I have decided to put tax evasion on the agenda of the next May 22" summit.
Van Rompuy, who chairs the talks between the bloc's 27 leaders, said the amount lost each year equalled the GDP of Spain, the EU's fifth biggest economy, and was 100 times the size of the 10-billion-euro bailout just agreed for Cyprus.