Financial Transparency Coalition

Reuters published a little factsheet on the status of banking secrecy around Europe today. The factsheet goes country by country providing a brief summary of the status of each one. While certainly not penetrating too deeply into each country, it does provide a nice reference. Check it out here...

Reuters - Liechtenstein and Britain said on Tuesday they had signed an agreement to encourage British clients of banks in the Alpine principality to voluntarily disclose untaxed money. Here are some details about European countries who have been maintaining strict laws protecting banking privacy.

ZURICH -- The Swiss cabinet held an extraordinary meeting on UBS AG's problems with U.S. tax authorities, a move that could signal Switzerland is close to bowing to the U.S. on demands to hand over data.

ZURICH (Reuters) - The Swiss government held a special session on Monday to discuss the U.S. tax evasion case hanging over Swiss bank UBS as negotiations to settle the issue dragged on.