Member State tax authorities agreed they will automatically exchange information with each other on most categories of income and capital held by private individuals and certain entities.
The measures promise full and lasting tax transparency in Europe. “Bank secrecy is dead”, declared Algirdas Šemeta EU Tax Commissioner
Please read memo called Automatic exchange of information: frequently asked questions by European Commission from 15.10.2014 here : http://europa.eu/rapid/press-release_MEMO-14-591_en.htm
How2Bank reminds you, that your international accounts have to be declared in your country of residence, otherwise you may face fines or prosecution. Please consult your tax adviser. If you do not have one, we can find one for you.