Under pressure from several countries, including Germany, France and the United States, and the publication by Offshore Leaks of people with overseas accounts, tax haven countries have decided to relax their banking secrecy regulations.

Luxembourg hasalready agreed to the automatic exchange of information while Austria has suggested that it is willing to discuss a relaxation of secrecy terms.

Tags

Was this article useful? If so we are delighted!

It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans.

Discover our subscription offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic