Ethics and governance in the European Financial centers

Luxembourg for Finance has put online Luc Frieden's opening speech at the spring conference of the Association of the Luxembourg Fund Industry (ALFI).

He explained the Government’s decision to fully adopt the standards of the OECD Model Tax Convention and that the Luxembourg Government insists that the exchange of information, as defined by the OECD, be adopted as the sole standard within the European Union.

What is the use of building an European Union if its members are satisfied with minimal international standards?


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