Maria Theresia and bank secrecy
In the wake of the tax reforms, (though it is questionable whether the word ‘reform’ is even appropriate in this context), bank secrecy will apparently go by the wayside. Many would probably say that is no reason for concern. “After all, those who have nothing to hide have nothing to fear”. But it is also a matter of our right to privacy and protection of the private sphere – the ordinary citizen’s claim to freedom from interference by the state.
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