Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

Another step towards the end of financial privacy

Switzerland, Luxembourg and Austria representatives recently said they would relax key bank secrecy laws to meet growing international demands for change. Their announcements followed similar moves by Belgium, Liechtenstein and Andorra. This, however, would be done for the moment on a "case by case" principle and on the basis of concrete and justified requests.

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