Tax evasion to top agenda
(Times online): Finance ministers from the G20 nations will discuss tax evasion during their meetings in London next weekend. The need to recoup unpaid tax earned by savers sheltering their money offshore has become even more pressing as the global recession has ravaged many countries’ finances. Jeffrey Owens, head of tax at the Organisation for Economic Co-operation and Development (OECD), said: “Governments recognise that there are new demands on their revenue base and they need to counter offshore tax. Clearly, [tax havens] are one of the things the finance ministers will look at in London.”
Category: Business
