French President Francois Hollande has called for “eradication” of the world’s tax havens and told French banks they must declare all of their subsidiaries.
He was speaking after presenting a draft law aimed at “moralising” French public life – a response to the tax scandal that has shaken his presidency.
France’s ex-Budget Minister Jerome Cahuzac has been charged with fraud over a secret Swiss bank account.
Mr Hollande said a new central agency would fight fraud and corruption.
Earlier the French Socialist government set a deadline of 15 April for ministers to declare their assets, as part of the new transparency drive.
via BBC 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.