Austria´s Bank Secret Endangered

Politics ♦ Published: May 15, 2012; 18:33 ♦ (Vindobona)

„I will withstand.“ Maria Fekter, Austria´s Minister of Finance said. The resistance against the EU directive on the taxation of interest will not be given up, Fekter reaffirmed.

Austria´s Bank Secret Endangered / Picture: © ÖVP Bundespartei / Jacob Glaser

The EU-Commissioner Algirda Semeta pushed Austria and Lxuemburg to give up their blockade against the negotiation over the taxation of interest gains with other states. The scope of application of the treaty between Switzerland and the EU should be extended. Austria fears that an automatic information exchange could be introduced, which would cause the bank secret to become…