Austria and Luxembourg accused of undermining EU credibility

Luxembourg and Austria came under attack on the 10 December 2013 after the two countries stood firm and blocked plans to increase transparency in tax reporting.

At the meeting of finance ministers in Brussels, the final formal gathering of 2013, ministers from the two countries insisted that they would not agree to a reformed savings tax directive until the EU has reached agreements on banking secrecy with nearby tax havens such as Liechtenstein and Switzerland.

ESO: Background information: EU bank transparency rules delayed http://www.europeansources.info/record/eu-bank-transparency-rules-delayed/

ESO: Background Information: Top five EU states push for tax transparency http://www.europeansources.info/record/top-five-eu-states-push-for-tax-transparency/

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