Austria - Loosening of the Banking Secrecy and Legalization of Undeclared Foreign Income
- G. Gahleitner; D. Hristov
- European Taxation, 2010 (Volume 50), No 6
- 21 May 2010
This note provides an overview of the new Information Exchange Implementation Act provisions and their interaction with amended Austrian tax treaties, which is relevant especially in the case of a foreign state request. Further, means by which criminal tax consequences could be avoided in Austria, particularly in the case of an Austrian request, are considered.