Open for shady money
Tax loopholes, the sale of passports to dubious figures and inaction against money laundering makes Austria a safe haven for tax evaders, kleptocrats and corrupt cash according to a new report from the Greens/EFA group. The study "Austria - (still) open for shady money" released at the beginning of the Austrian Presidency of the EU shows that while Austria has made some progress on issues of financial secrecy in recent years, the country remains an attractive destination for dirty money.