Luxembourg and Austria came under attack on Tuesday (10 December) after the two countries stood firm and blocked plans to increase transparency in tax reporting.
At a meeting of finance ministers in Brussels, the final formal gathering of 2013, ministers from the two countries insisted that they will not agree to a reformed savings tax directive until the EU has reached agreements on banking secrecy with nearby tax havens such as Liechtenstein and Switzerland.
EU tax commissioner ...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.