Following discussions at the informal meeting of the ECOFIN Council in Dublin in April, Minister Michael Noonan, President of ECOFIN for the Irish Presidency and EU Commissioner for Taxation Algirdas Šemeta have written to all EU finance ministers in advance of the next ECOFIN meeting scheduled for mid May. The letter identifies seven action points necessary for the purposes of progressing the EU's anti-tax fraud and anti-evasion objectives.

The seven action points call for agreement on matters including:

• the revised Savings Directive
• the Commission's Action Plan on tax fraud and evasion
• EU coordination at G20 and OECD level on the Base Erosion and Profit Shifting initiative
• agreement on the VAT Anti-Fraud Package
• funding for better cooperation between Member State Revenue Authorities
• agreement that automatic exchange of information should involve a broader range of income and capital payments and
• coordinated action in the EU against aggressive tax planning.