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Commission Criticizes Austria on Keeping Bank Secret

Published: April 9, 2013; 10:07 · (Vindobona)

EU Tax Commissioner Algirdas Semeta considers Austria’s position to hold on to the bank secret and unwilligness to reform as “impossible”.

Commission Criticizes Austria on Keeping Bank Secret / Picture: © Wikipedia / Valsts kanceleja/State Chancellery

“It is unacceptable that a member state blocks this," a spokeswoman for Semeta said. "It would appear very difficult for (Austria) to maintain its position ... when all member states are ready to agree to the automatic exchange of bank account information,” Semeta declared. The Commissioner explained that the country was now alone in the public eye. Luxemburg, the only other EU…

This article includes a total of 447 words.

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