TAX HAVENS OPEN BOOKS AS G20 TABLES TIGHTENING OF GLOBAL ANTI-FRAUD CONTROLS
March 1st, 2009
BY KEITH NUTHALL
THE THUMBSCREWS are being turned on the world's tax havens, preventing their banks hiding assets from tax investigators worldwide. A comprehensive communiqué from April 1 and 2s' G20 meeting in London committed member governments "to take agreed action against those jurisdictions which do not meet international standards in relation to tax transparency." To enforce this, G20 governments said they would consider establishing increased disclosure requirements for taxpayers and financial institutions to report transactions involving ...
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