French President Francois Hollande arrives at the May 2013 EU Summit

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On his arrival at the May 2013 EU Council, French President Francois Hollande said that ‘instead of increasing taxes, tax revenue must be found where it hides’.

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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