Quote:
Originally Posted by DamageX
I believe in Luxembourg its unconstitutional to divulge info about bank account holders. At least it was until a few years ago, not sure how much pressure the EU has been able to put on them recently and if it has suffered any changes due to that.
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Correct man - it's the same in almost all offshore or private banking areas and usually a criminal offense to disclose corp data or banking info - and this still applies in Luxembourg.
The directors of PayPal Europe Sàrl & Cie blah are prob doing whatever they think is prudent and may need banking status in the EU and perhaps more privacy. It may also be to the benefit of Paypal clients where there may be an option to limit disclosure.
A couple of ebay interests already have legal entities in Luxembourg, including Skype - the reasons for that may be fairly obvious :-)