TAX HAVENS UNDER FIRE, BUT ARE THEY FINISHED?
June 1st, 2009
BY ALAN OSBORN
FACED with a global recession caused partly by commercial financial crime, governments have been pushed into taking action against tax evasion in recent months by ending the practice of banking secrecy. Is it the end of the road for tax havens as protected jurisdictions where illicit transactions can hide? Alan Osborn reports.
HISTORY may well judge that the era of international tax havens came to an end in the first few months of 2009. This is a bold claim and its truth (or not) may not be known for a year or more yet but what can be said is ...
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