Brown plans global scrutiny of tax havens

| 23/03/2009

(The Guardian): Tax havens will be forced to submit themselves to international scrutiny under plans to tackle their culture of secrecy being proposed by Gordon Brown. Despite a rearguard action by tax havens, the prime minister intends next week’s G20 summit to discuss plans for a multilateral exchange of information on "offshore" accounts. Brown will also propose using the International Monetary Fund and World Bank to boost the world economy as he seeks to focus on greater international cooperation, rather than divisions between the US and European governments over whether the financial system needs more fiscal stimulus or more regulation.

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