Thursday 31 July 2014
 
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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

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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

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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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