Luxembourg says No to new EU tax law

Luxembourg, one of the EU's smallest but richest countries, has said No to a new law against tax evasion.

Its finance minister, Luc Frieden, told press in Brussels on Monday (13 May): "We won't agree tomorrow to the savings tax directive with an extended use because there's still some need for clarification."

He added: "At the moment we lack precision about a number of questions that need answers … We don't know how this will be written into European law and we're not sure that al...