When Rudolf Elmer gave WikiLeaks the names of 2,000 tax evading clients of his former employer Julius Bär, he was arrested for breaching Swiss banking secrecy laws. But evidence to be presented at his trial may make things even worse for Julius Bär.
Micole Wiemer, head of the indirect tax unit at the European Commission, has admitted that low-value consignment relief (LVCR) abuse can only be tackled through wider EU VAT reform.
EU finance ministers last week failed to unanimously agree on adopting a financial transactions tax (FTT), but 10 member states are set to push ahead with the support of the European Commission.
The European Commission has begun infringement proceedings against the UK for the reduced rate it applies on energy saving and heating products, but the UK might have a sound argument to challenge.
