September 25th, 2009
According to a leaked draft communique, the G20 will be proposing more sanctions on tax havens. According to the
Times of London:
The G20 summit in Pittsburgh is expected to announce a further clamp down on tax havens, according to a draft of the group’s communiqué.
Keep your fingers crossed!
September 25th, 2009
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.
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September 25th, 2009
Global Financial Integrity has just released a statement highlighting the good and bad aspects of the new Swiss-US tax treaty that was released this week. While the treaty takes a major step forward from the OECD model by explicitly stating that domestic laws do not trump the treaty, it fails to address the problems posed by exchange of tax information upon request. Check out GFI's full
statement below:
Information Exchange Shortcomings in U.S.-Swiss Tax Agreement
New protocol signed Wednesday does little to enhance U.S. ability to...
September 23rd, 2009
It's a big week for international affairs with the UN General Assembly
meetings going on today, and the
G20 summit happening Thursday and Friday. While New York and the UN meetings (cough, cough, will Obama run into Ahmadinejad?, cough) have dominated coverage over the past few days, from our point of view, what comes out of the G20 Summit in Pittsburgh is much more important.
In April, the G20 leaders
announced the "the era of banking secrecy is over" and vowed to crack down on tax evaders. In July, the G8
stated the need...
