Under-pressure Austria ready to exchange more bank data

Austria is ready to discuss exchanging more data in an effort to tackle international tax evasion, but banking secrecy will remain in place, the chancellor said Monday following sharp EU criticism.

Austria was “ready for talks on a more intensive exchange of information on international investors,” Werner Faymann told the Kleine Zeitung daily in an interview to be published Tuesday.

via Business feed http://www.scmp.com/business/banking-finance/article/1210591/under-pressure-austria-ready-exchange-more-bank-data