Financial Transparency Coalition

Luxembourg has revised its double tax convention with Norway to include provisions for the exchange of information in tax matters. The agreement brings the number of OECD model agreements it has concluded to twelve, ranking Luxembourg as a jurisdiction that has 'substantially implemented' the internationally agreed standard in this area.

VIENNA (AFP)--Austrian members of parliament failed Wednesday to approve a resolution relaxing the country's strict banking secrecy laws, which came under fire this year.

Washington Post - A new treaty touted as helping U.S. law enforcement crack Swiss bank secrecy may do little to help authorities achieve a prime objective: exposing tax evaders.

A flurry of deals to help in the pursuit of evaders hiding money offshore will be signed this week as finance ministers meet in Berlin on Tuesday to review the international crackdown on tax havens.