OECD submits tax haven list

(Reuters): Switzerland, Austria, Luxembourg and many offshore finance centers could face intensified pressure to reduce bank secrecy and shake the tax haven label as G20 leaders seek to reform the global financial system. The Organization for Economic Co-operation and Development has supplied governments with a long list of places where bank secrecy rules are deemed undesirable, and those three countries plus others feature prominently in OECD records. "We’ve made information available to the G20," a spokesman for the Paris-based Organization for Economic Co-operation and Development said on Wednesday.

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