Financial Transparency Coalition

The Guardian -- The Cayman Islands leader, William McKeeva Bush, was today forced to postpone his annual budget as the British overseas territory's debt crisis worsens.

New York Times -- A wealthy UBS private banking client who owns a building material company in New Jersey pleaded guilty on Friday to tax evasion, the fourth American caught in a widening investigation into the giant Swiss bank over its offshore services.

ZURICH (Reuters) - Switzerland expects to be taken off the OECD's list of tax havens after the country signed the required 12th tax deal on Thursday.

GEORGE TOWN, Cayman Islands - Caribbean and Atlantic offshore finance centers are hitting back against attempts to portray them as shady tax havens and say world leaders are making them scapegoats for the global downturn.