Loopholes undermine EU offshore tax law

Europe's 14-year struggle to tax its citizens' offshore savings has flopped, after investors in countries such as Switzerland and Luxembourg exploited loopholes in a controversial savings law.

European Commission: DG Taxation and Customs Union: Taxation: Personal Tax: Savings tax http://ec.europa.eu/taxation_customs/taxation/personal_tax/savings_tax/index_en.htm

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