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Business Europe

Austria, Luxembourg and Belgium avoid blacklist

Latest update : 2009-03-20

Luxembourg, Austria and Belgium, which have just agreed to ease their banking secrecy rules, received assurances during Thursday's EU summit that they will not figure on an international blacklist of tax havens.

AFP - Luxembourg Prime Minister Jean-Claude Juncker said Thursday at a European summit he had received assurances that no EU country will figure on an international blacklist of tax havens.

French President "Nicolas Sarkozy and (German Chancellor) Angela Merkel let it be known that France and Germany would not agree to Luxembourg, Austria or Belgium being put on a tax haven list," Juncker told journalists.

"Austria, Belgium and Luxembourg will not figure on the list," he added.

The three countries recently said that they would ease their banking secrecy rules to avoid being put on the international blacklist.

Date created : 2009-03-20

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