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EU Commission Criticizes Austria Once More
Politics ♦
Published: November 15, 2013; 18:30 ♦ (Vindobona)

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

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…
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