Obama backs crackdown on tax havens
November 9th, 2008
The Guardian
President-elect Barack Obama plans to crack down on international tax havens, including Jersey, Guernsey and the Isle of Man, within weeks of taking power in January, putting him on a collision course with Gordon Brown.
There is growing international pressure to outlaw the secretive practices of tax havens as a key part of reforms to the world’s battered financial system, as the leaders of the world’s 20 most powerful economies gather for a major conference in Washington next weekend.
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