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EU Wants Austria to Give Up Bank Secret

Published: January 25, 2013; 10:56 · (Vindobona)

Commissioner Algirdas Semeta threatens with a complaint against Austria. According tom him, Austria and Luxembourg are blocking the automatic information exchange.

EU Wants Austria to Give Up Bank Secret / Picture: © Wikipedia / Valsts kanceleja/State Chancellery

In an interview with the Austrian daily paper “Standard”, Semeta stresses that Austria and Luxembourg must give up their “blockade against the reform of the interest taxation directive”. The Commissioner explains that the fight against tax fraud requires the automatic information exchange of data of bank customers. According to him, 25 member states are in favor of the interest…

This article includes a total of 303 words.

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