EU Commission Criticizes Austria Once More

Politics ♦ Published: November 15, 2013; 18:30 ♦ (Vindobona)

The EU Commission has again criticized Austria and Luxembourg and demands the countries to stop blocking the extensive exchange of tax data.

EU Commission Criticizes Austria Once More / Picture: © Wikipedia / Valsts kanceleja/State Chancellery

According to EU Tax Commissioner Algirdas Semeta, it was clear that the era of bank secrets was over. At a meeting of EU Finance Ministers, both Austrian and Luxembourg, however, inhibited an agreement as they are still requesting the respective settlements with Switzerland and other European countries. Since they fear a loss in competitiveness, both countries demand Brussels to find an…