Brussels, 15/05/2012 (Agence Europe) - On Tuesday 15 May 2012, the EU27 finance ministers failed to agree on a negotiating mandate for the European Commission for talks with Switzerland, Liechtenstein, Andorra, Monaco and San Marino to update their 2004 savings tax agreements with the EU.
Luxembourg and Austria still refuse to agree on a negotiating mandate out of fear of being forced to join an automatic exchange of information system, which would put an end to their secret bank accounts...