In These New Times

A new paradigm for a post-imperial world

Austrian finance minister compares Britain to Cyprus

Posted by seumasach on April 13, 2013

The Austrian finance minister has described Britain as “the island of the blessed for tax evasion and money laundering”, comparing British offshore banking to the Cypriot financial sector that is to be forcibly restructured as part of a eurozone bailout.

British offshore banking under fire in EU tax haven battle

Telegraph

12th April, 2013

Europe’s finance ministers meeting in Dublin today are pushing Austria hard to follow Luxembourg’s example in agreeing to reveal information on European banking depositors to EU tax authorities.

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