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Austria, Luxembourg Remain Unyielding in Fight Against Greater Tax Transparency

By Bennett Voyles

More than a month after criticism from EU officials, Austria and Luxembourg continue to bar the European Commission from negotiating agreements meant to curb tax evasion, say sources. EU Tax Commissioner Algirdas ? emeta told reporters in May that the two countries were unwilling to join European Union member-states in entering tax data-sharing agreements with Switzerland, Lichtenstein, San Marino, Monaco and Andorra. Under a 2003 arrangement, such a deal would also force Austria and Luxembourg to share more data with other EU members. "Any eventual agreement would have to be adopted unanimously. Austria and Luxembourg have every assurance that nothing will...

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