Financial Transparency Coalition

Financial Times: Resolution on Monday said that it had its eyes on bigger prey than Friends Provident, the FTSE 100-listed life assurer it wants to take over.

New Delhi (PTI) India is negotiating with Switzerland and other countries to revise the secrecy clause in bilateral treaties like double taxation avoidance agreements to get information on matters like black money.

Two more Swiss banks have decided to scale down their services to United States-based clients in light of an ongoing tax evasion case that threatens banking secrecy.

British life insurance company Friends Provident is doing something unusual in today's business environment - not only has it shunned moving offshore to a low tax jurisdiction, it's insisting that another company move onshore too before it'll consider a merger. From the Guardian:

Insurer Friends Provident today set out terms for a merger with Clive Cowdery's buyout vehicle Resolution. The deal would scupper Resolution's plans to pay a select band of executives 10% of annual profits and base the new company in a tax haven.

Friends Provident said it was...