Leading EU countries announced a creation of a date base of new investments

Leading EU countries announced a creation of a date base of new investments

 

Five EU countries announced a new project to create an open data base of new investments.

This assumes that the new system will automatically notify financial institutions of any profits from any investments.

Representatives of these countries believe that the new system will help to cope with tax fraud and will make dishonest investors to refrain from opening secret bank accounts abroad.

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