Time to Black-List the Tax Haven Whitewash
April 5th, 2011
The international edition of the Financial Times has a comment by TJN's Nick Shaxson and John Christensen evaluating how far the G-20 countries have progressed towards their stated goal of tackling banking secrecy and tax havens. The title says it all: "Time to black-list the tax haven whitewash." In April 2009 British prime minister Gordon Brown, the then G-20 president, issued the following commitment:Continue Reading
"to take action against non-cooperative jurisdictions, including tax havens. We stand ready to deploy sanctions to protect our public finances and financial systems. The era of banking secrecy is over. We note that the OECD has today published...