EU commissioner calls for an end to Austrian banking secrecy

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The Wiener Zeitung has reported:

EU Taxation and Customs Union Commissioner Laszlo Kovacs has called for an end to Austrian banking secrecy.

Kovacs said that putting an end to it would be especially important for combating tax-evasion and other criminal activities.

I don't agree with Kovacs on everything: on this he is spot on.


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