Finnish Prime Minister Jykri Katainen arrives at the May 2013 EU Summit

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On his arrival at the May 2013 EU Council, Finnish Prime Minister Jykri Katainen said ‘full transparency’ and ‘automatic exchange of banking information’ are essential to combat tax evasion. ‘These decision should have been taken earlier’, he added.

EU leaders meet today to discuss how to lower energy prices and improve industrial competitiveness, at a time when other developed countries are rushing to invest in shale gas. Second issue on the agenda is tax evasion, which every year deprives EU governments of roughly €1 trillion.

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