Ethics and governance in the European Financial centers

In a recent interview, Jean Meyer stated that "le Luxembourg doit sortir de cette image de paradis fiscal, de refuge pour patrimoines non déclarés, qui ne correspond plus à son identité" (free transmation : Luxembourg must leave this image of tax haven, of refuge for not declared assets, which does not correspond anymore to its identity)

This sentence wants a couple of comments.

It is the first time that a Luxembourg powerhouse admits that Luxembourg's identity was a tax haven and a place for not declared assets but it is no longer the case: it not correspond anymore to its identity

I can consider from a semantic point of view that Mr Meyer is officially repudiating what stated Jean Jacques Rommes in February 2009 or Lucien Thiel in February 2008.

He takes into account the commitments to counter tax evasion.