Luxembourg. According to
Countryaah website, Luxembourg's banking secrecy came into focus again as
the EU tried to get a number of other tax havens to enter
into cross-border information exchange agreements on
foreigners' bank accounts. Luxembourg was one of three EU countries
that drafted transitional rules with the option of taxing
interest income rather than disclosing information. But
Switzerland demanded a significantly higher interest rate to
join, which towards the end of the year seemed to jeopardize
the entire agreement.
In November, 20 of 22 people died aboard a Luxair plane
when it crashed just before landing in Luxembourg. It was foggy at
the time of the accident. The plane came from Berlin and
most of the dead were German businessmen.