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03/12/2009

Relax of banking secrecy laws

Three jurisdiction that are said to be on OECD unofficial list of tax havens said today there are going to be more conciliatory :
- Andorra
- Liechenstein
- Belgium.

Which jurisdiction will be the last Mohican of banking secrecy opposable to foreign tax administrations ?
Switzerland ?
Austria ?
Or Luxembourg where Prime Minister compares banking secrecy to confessional secrecy while not having a tradition of banking secrecy in the jurisdiction?

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