September 2nd, 2009
The Organization for Economic Co-operation and Development (OECD) met in Mexico City over the past two days to discuss next steps in the global fight against tax evasion. In a statement released by the OECD this afternoon, OECD Secretary General Angel Gurria referred to the recent actions taken by the G20 and the OECD, and the recent willingness on the part of tax havens to accept the OECD guidelines on the exchange of tax information as a "revolution." From the
OECD:
Today, on the eve of the Pittsburgh G20 meeting, the Global Forum...
September 2nd, 2009
As the Tax Justice Network notes:
Tucked away low down in an article in the August edition of the Swiss review, there is this:
“Switzerland has become a paradise for foreign capital on which tax is not paid. The uproar from foreign governments is understandable.”
These are not the words of a critic of the banks, but of private banker Konrad Hummler. He says that around 30%, or CHF 1,000 billion, of the CHF 2,800 billion or so of foreign assets in Swiss banks is untaxed “black money”.
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August 28th, 2009
RIMINI, Italy (MF-Dow Jones)--Italian Economy Minister Giulio Tremonti and Republic of San Marino Economy Minister Gabriele Gatti met Friday to discuss a tax accord as part of an international move to crack down on tax havens.
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August 27th, 2009
VIENNA (Reuters) - Austria's main political parties agreed on Wednesday to pass measures which should ease banking secrecy and help bring the Alpine republic up to OECD standards on financial transparency.
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