Financial Transparency Coalition

Bloomberg -- Panama will share tax information with at least 10 countries to prevent sanctions over banking secrecy laws, Finance Vice-Minister Frank De Lima said.

ZURICH (Reuters) - Switzerland and the UK have signed a new treaty giving British tax authorities more access to banking information and taking the Swiss one step closer to being taken off an international list of tax havens.

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...