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Fears over plans to remove bank secrecy in Costa Rica

Thursday, November 18, 2010

Costa Rica’s tax authorities would be able to inspect people’s bank accounts and seek explanations for anomalies, without the need for any judicial order.

The proposal is contained in a bill on fiscal transparency that has been approved in committee by legislators this week for approval by a plenary session. Supporters of the proposal say it will be vital t the collection of taxes, but other regard it as snooping by the government into the private financial affairs of citizens.

Original source (in Spanish): La República