Bar might rise for tax havens

(AccountancyAge): Offshore financial centres will face renewed pressure in their bid to achieve and retain “white list” status for tax compliance, after a meeting of global heads. Financial regulators gathered to debate the future standards for admission to the tax transparency compliance list, the scope of peer reviews for these countries, and the nature of fiscal sanctions to be applied to the non-compliant. New criteria for revised standards were set at a meeting at Los Cabos in Mexico on 1 and 2 September.

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