Brown tells Caribbean to hand over tax info - papers 4th Dec

CARIBBEAN tax havens, including the Cayman Islands, are being threatened with UK legislation if they fail to open their books to the UK taxman in line with a proposed EU directive on savings taxes, says this morning's Times newspaper. The threat of legislation came from Gordon Brown, the Chancellor, as a European Council meeting on the directive broke up in discord yesterday. In an effort to save the directive, the Chancellor retreated from his insistence that Switzerland comply. However, Luxembourg, Belgium and Austria renewed their attack on the Swiss. The Chancellor gave the Co...