Luxembourg has said it is prepared to ease its banking secrecy rules and work more closely with foreign authorities amid a crackdown on tax havens.
Its finance minister, Luc Frieden told Germany's Frankfurter Allgemeine Sonntagszeitung of the possible shift in policy.
He said there was an international trend towards automatically exchanging information about depositors, adding: "We no longer strictly reject this, in contrast to before."
"Luxembourg does not rely on clients who want to save tax," he said.
Last month's 10bn euro (£8.5bn) bailout of Cyprus, whose banking system was swollen by foreign deposits attracted by low taxes and easy regulation, has put the spotlight on tax havens.
Australia has warned 2,000 top firms that their tax arrangements are to be revealed, while Britain has pushed for bank secrecy changes.
Prime Minister David Cameron and Chancellor George Osborne have both urged the G20 group of countries to improve transparency.
Some firms have been criticised over 'transfer pricing', where local divisions must buy goods and services from a parent firm - often from a small office in places such as Luxembourg.
Austria and Luxembourg are the only European Union states that do not share with other EU members the identities of EU residents with cross-border bank accounts.
German finance minister Wolfgang Schaeuble said he was pleased with the comments from Luxembourg.
"I welcome every step towards automatic information exchange," he told the Saarbruecker Zeitung newspaper.
Amid growing outrage over the scale of tax evasion, Mr Schaeuble said last week that Berlin would push the EU to take legal measures against tax havens.
The German government this weekend also urged several German publications to hand over details they have obtained on suspected tax cheats.
Anda sedang membaca artikel tentang
Luxembourg 'May Ease' Bank Secrecy Laws
Dengan url
https://temannyakawanya.blogspot.com/2013/04/luxembourg-may-ease-bank-secrecy-laws.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Luxembourg 'May Ease' Bank Secrecy Laws
namun jangan lupa untuk meletakkan link
Luxembourg 'May Ease' Bank Secrecy Laws
sebagai sumbernya
0 komentar:
Posting Komentar