[13 June 13] EU forces financial institutions to share tax info - English

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Dealing in cash only is the traditional method used by tax dodgers to avoid paying the state a portion of their incomes. Now, though the digital era has taken centre stage and money can be shifted electronically right around the globe using any number of accounts. The European Commission says forcing institutions to become more transparent is the key to curtailing the problem. The Commission says it is vital that governments around the world co-operate with the EU on this issue. We asked ordinary EU citizens about their views on these latest measures which are designed to curtail illegal tax evasion within the union estimated to be worth one trillion euro annually. Jerome Hughes, Press TV, Brussels

Added by PTV on 14-06-2013
Runtime: 2m 38s
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