CLEAN : Banking secrecy Austria wants the same

CLEAN : Banking secrecy Austria wants the same

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Interactive Video

Business, Social Studies

11th - 12th Grade

Hard

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Austrian banks are committed to combating money laundering, crime, and tax fraud, while maintaining customer privacy through bank secrecy. The current system ensures taxes are paid to the customer's home country and does not protect criminal activities. Austria advocates for equal rules within the EU and beyond, addressing issues like anonymous trusts that could be used for tax evasion.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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