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Austria Gives up Bank Secret for United States

People ♦ Published: April 30, 2014; 18:55 ♦ (Vindobona)

Austria and the US have signed an agreement for the exchange of fiscal data. However, the agreement could be renewed soon.

Financial insitutes in Austria are now required to provide information about US bank clients. / Picture: © Vindobona.org

The list of countries supporting the United States collect tax money has grown longer. On Tuesday Austria and the US have signed an agreement about the exchange of fiscal data in Vienna. The international treaty was signed by Jochen Danninger, Austrian State Secretary of Finances, and Alexa Wesner, US ambassador to Austria.

As a consequence to this deal, domestic financial…

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