Tax havens lobby hard

(Law.com): The Cayman Islands Financial Services Association, Malta and the Isle of Man among others have reportedly spent over $800,000 on lobbyists at firms to campaign against Senator Carl Levin’s Stop Tax Haven Abuse Bill and the potential sanctions that may come with it. The lobbyists have said Levin’s list is out of date because their clients have negotiated, or are negotiating, agreements with the United States that require cooperation and transparency on tax issues.

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