Financial Transparency Coalition

SINGAPORE -- The Singapore government is proposing changes to its tax laws to meet demands from the U.S. and Europe to clamp down on bank secrecy.

Two human rights groups, Committee for the Defence of Human Rights (CDHR) and Socio-Economic Rights and Accountability Project (SERAP), yesterday called on the Federal Government, to urgently begin the prosecution of Halliburton and its officials in Nigeria for their involvement and complicity in the Halliburton $180 million bribery scandal.

Tax cheats have brazenly hidden billions of dollars in offshore bank accounts for decades, but this ruse has become harder to pull off thanks to John McDougal, a special trial attorney at the Internal Revenue Service (IRS).

ZURICH, June 29 (Reuters) - Switzerland should have renegotiated more than enough double taxation treaties by the autumn to be removed from an OECD 'grey list', Swiss Finance Minister Hans-Rudolf Merz was quoted as saying on Monday.