IMF Managing Director Christine Lagarde, Spanish Minister of Economy and Competitiveness Luis De Guindos, French Finance Minister Michel Sapin, German Finance Minister Dr. Wolfgang Schauble, UK Finance Minister George Osborne, Italian Finance Minister Pier Carlo Padoan and Secretary General, Organization for Economic Co-operation and Development Jose Angel Gurria hold a press conference on announcing a joint action against tax fraud and money laundering
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EU Big Five launch tax crackdown

The five largest economies in the European Union have agreed to share information on secret owners of businesses and trusts.

It is a concerted attempt to show that their leaders are responding to public concern over the Panama Papers leak.

The UK, Germany, France, Italy and Spain have agreed to the data exchange.

Michelle Fleury reports.

  • 15 Apr 2016
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