Financial Transparency Coalition

A while ago we pointed to a study by Misereor that had concluded, on the subject of double tax treaties (DTTs) and tax information exchange agreements (TIEAs), that Only 6 percent of DTTs show a signature of a Low Income Country (with an even smaller participation of 3 percent for Least Developed Countries). The situation with TIEAs is even worse: There is no single LIC (leaving aside LDC) as signing party of any TIEA documented on the OECD website. . . . While G20 and OECD are promoting DTTs and TIEAs as centrepieces of a global standard on transparency...

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.

As governments hunt for tax evaders and financial fraudsters, a veil of secrecy is lifting