European bank secrecy crumbling | DW News - latest news and breaking stories | DW | 12.03.2014
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European bank secrecy crumbling

Those hiding untaxed funds in Austria and Luxembourg can still deposit them there without fear of discovery - their home tax authorities remain in the dark. But the EU is closing in on countries which enable tax dodgers. The last bolthole could be closed at the EU summit in Brussels next week.

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