An interesting and important tweet.
(The source appears to be this.)
Now the truth is – as we’ll be demonstrating in our imminent Financial Secrecy Index 2015 to be launched worldwide on Monday – that Luxembourg has in fact made *some* improvements recently to its secrecy offering, in the sense that it’s become a bit less secretive and less aggressive in terms of undermining European schemes to boost transparency.
But there is still a long way to go. For a blistering account of Luxembourg’s recent role in financial globalisation, take a look at FT Alphaville’s recent The Case Against Luxembourg.
Here is a taster.
and we can’t ignore this one either: not least for the headline.
There are plenty more where these came from.