Wednesday 20 June 2018
Tax havens

OECD takes four tax havens off blacklist

Four finance centres blacklisted last Thursday in a renewed crackdown on tax fraud were taken off the list on Tuesday after committing to international standards on bank information disclosure. The Organisation for Economic Cooperation and


G20 summit to pressure 'tax havens'

The G20 group of major economic powers will issue a statement next week encouraging countries that serve as "tax havens" to increase transparency and adopt international standards, a US official said. Michael Froman, deputy national securi


Tax havens agree to crack open the vault

Switzerland, Austria and Luxembourg have offered to relax strict bank secrecy in some tax evasion cases in a response to a global crackdown on tax havens that is rattling the offshore banking industry. The three countries made the concessi

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