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On April 9, 2013, the Finance Ministers of the U.K., France, Germany, Italy, and Spain notified EU Tax Commissioner Algirdas Šemeta that they had agreed to work on a pilot multilateral exchange facility between their countries, using the model FATCA intergovernmental agreement with the U.S. as the basis for this multilateral exchange. The pilot will not only assist in deterring and prosecuting tax evaders, but it will also provide a template as to the wider multilateral agreement that they hope to see in the future. They invited other EU Members to joint in this pilot and said they hoped that the EU can take a lead in promoting a global system of automatic information exchange.[1]