Brussels, 30/04/2013 (Agence Europe) - After years defending its anonymous bank accounts tooth and nail, Luxembourg and Austria seem to be buckling under pressure from their partners, especially following resolutions from the G20 on tackling tax evasion (see EUROPE 10832).
Luxembourg seems to have made a complete U-turn. In the Financial Times on Tuesday 29 April, Luxembourg's Finance Minister Luc Frieden said that his country is prepared to extend the automatic exchange of bank account...