Arab Today, arab today austria will stick to banking secrecy laws
Last Updated : GMT 04:57:54
Arab Today, arab today
Arab Today, arab today

Austria will stick to banking secrecy laws

Arab Today, arab today

Arab Today, arab today Austria will stick to banking secrecy laws

Dublin - AFP

Austria will not change controversial banking secrecy laws, its finance minister insisted on Friday, despite becoming isolated in a European Union push to clamp down on tax evasion and fraud. Finance Minister Maria Fekter said Austria would \"stick to\" a constitutionally-guaranteed protection of privacy for deposit-holders, and added that EU partners would be better served focusing on British-dependent tax havens in the Caribbean and elsewhere. The automatic exchange of banking data among EU states has been long resisted by Austria and Luxembourg, but the latter gave in this week to what it described as an unstoppable tide. Automatic sharing of account data \"is a massive intrusion of privacy,\" Fekter said as she arrived for eurozone talks that were to focus on filling gaps in a bailout for Cyprus. She said that automatic exchange meant governments would be \"snooping in the affairs of depositors.\" Fekter added that the balance of power among political parties in Austria meant it would not be possible to change the Austrian constitution. \"The government doesn\'t have a majority,\" the finance minister said, adding she expected the constitution to remain that way \"for a long time.\" Instead, Fekter sought to point the finger at \"the real tax havens in the EU\" and said she would talk about that with British finance minister George Osborne. She cited the Channel Islands, Gibraltar, the Cayman Islands and Virgin Islands as \"the real hot spots for money laundering and tax evasion.\" The issue is to be discussed among ministers later on Friday at the two-day Dublin talks. French Budget Minister Bernard Cazeneuve said Thursday that Austria could be placed on a French list of non-cooperative countries if lawmakers do not agree to an automatic exchange of information aimed at combating tax evasion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today austria will stick to banking secrecy laws Arab Today, arab today austria will stick to banking secrecy laws

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today austria will stick to banking secrecy laws Arab Today, arab today austria will stick to banking secrecy laws

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday