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EU fighting tax evasion

EU leaders on a summit in Brussels on Wednesday decided to hold back the austerity in order to stimulate growth in the recession-hit euro zone. Officials believe employment must be the key focus of the current economic policy.

Politicians also emphasized the importance to strengthen efforts to fight tax evasion. Britain, France and Germany suggested tightening EU regulation in order to prevent companies such as Google, Apple or Amazon from escaping paying taxes by taking advantage of loopholes.

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