Chile Moves Away from Banking Secrecy
August 7th, 2009
Richard Murphy points out that Chile’s government is moving towards giving up banking secrecy. From the Wall Street Journal today:
Chile’s lower house has approved a bill that would allow the national tax service to access Chileans’ bank-account information and share it with other countries’ tax authorities.
Late Wednesday, the house passed the bill, 72-16 with 17 abstentions, which will be sent to the Senate.
This is great news!