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!

Written by Clark Gascoigne

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