TJN's Financial Secrecy Index: Luxembourg is # 3.

The influential Tax Justice Network has issued its Financial Secrecy Index. You;ll find it here:

http://www.financialsecrecyindex.com/2011results.html

Luxembourg made it to number three after Switzerland and Cayman Islands. As the world goes, that is either good or bad. It is in the eye of the beholder. TJN thinks it is very bad. The Luxembourg survey is certainly an invitation to image control:

http://www.secrecyjurisdictions.com/PDF/Luxembourg.pdf