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Europe Daily Bulletin No. 10824

11 April 2013
ECONOMY - FINANCE - BUSINESS / (ae) taxation
Luxembourg gives up some banking secrecy

Brussels, 10/04/2013 (Agence Europe) - The announcement by Luxembourg that it will be giving up some of its banking confidentiality by 2015 and the move by five member states to set up their own FATCA in the light of the United States' laws requiring information to be given by banks about US passport-holders' bank accounts abroad, seem part of a growing mood against tax evasion and secret bank accounts in the EU.

The prime minister of Luxembourg, Jean-Claude Juncker, confirmed on Wednesday...

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