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Bank Secret: Brussels Increases Pressure on Austria
Politics ♦
Published: January 14, 2013; 23:16 ♦ (Vindobona)
EU-Commissioner Algirdas Semeta calls Austria and Luxembourg to give up their blockade against the reform of the interest taxation directive.
Bank Secret: Brussels Increases Pressure on Austria / Picture: © Vindobona.org
Semeta underlines that the EU “must continue its fight against tax evasion”. Per year, revenues of more than 1,000bn are lost, he argues. However, “the reform is being prevented by only two member countries.”, he says. Luxembourg and Austria fear that the reform of the interest taxation directive would abolish the bank secret. The directive also contains the automatic…
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