‘Bank secrecy to die’ after Austria and Luxembourg back EU law

On the 20 March 2014, during the European Council in Brussels, Austria and Luxembourg s agreed to back EU plans to increase transparency in tax reporting.

The two countries had delayed endorsing EU reforms on the tax savings directive over the past six years of negotiations.

ESO: Background information: Austria and Luxembourg accused of undermining EU credibility http://www.europeansources.info/record/austria-and-luxembourg-accused-of-undermining-eu-credibility/

ESO: Background information: Economic and Financial Affairs Council, Brussels, 11 March 2014 http://www.europeansources.info/record/press-release-economic-and-financial-affairs-council-brussels-11-march-2014/

ESO: Background information: European Council, Brussels, 20-21 March 2014 http://www.europeansources.info/record/european-council-brussels-20-21-march-2014/

---