Financial Transparency Coalition

Tanzania - Economists have continued to poke holes into Finance and Economic Affairs minister, Mr Mustafa Mkulo's budget saying it has a lot of problems.

Finance ministers meet (sic) in Berlin on Tuesday 23rd June to review the international crackdown on tax havens. The meeting was organised by the French and German finance ministries and was also attended by Hans-Rudolf Merz, Swiss finance minister. Interestingly, this meeting has been the occasion for the UK to announce its support for Country by Country reporting in order to fight aggressive tax avoidance, informs recent article in the Financial Times.

THE HAGUE, June 25 (Reuters) - Switzerland and the Netherlands have agreed to exchange information to crack down on tax evasion, which will probably result in money leaving the tax haven, the Dutch deputy finance minister said on Thursday.

A wealthy American client of UBS pleaded guilty on Thursday to tax fraud, the latest victory for the federal government in its crackdown on UBS and its offshore private banking accounts.