Tax haven fight continues one year on

| 25/04/2010

(MSN): A year after leaders at a summit of the G20 nations declared an end to the era of bank secrecy, most of the countries targeted as tax havens have, one by one, been taken off the list of offenders. But for many critics, the banking world is still a long way from financial transparency. While French President Nicolas Sarkozy said "There are no tax havens any more," some disagree. Rather than the OECD list, they prefer one compiled by the Tax Justice Network which still has 60 different territories operating as tax havens, including many of those given a clean bill of health by the international community including London and Delaware.

 

Category: Business

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