Is exchange of information such a threat?

The UK Government has repeatedly emphasised the need for greater international co-operation, in particular exchange of information to tackle financial crime, harmful tax competition, tax evasion and avoidance. So the latest announcement in the Budget which aims to strengthen its ability to prevent individuals and companies evading or avoiding tax should be no surprise. A G7 initiative seeking to improve the supply of information from 'tax havens' was launched in 1998. In addition, the results of a European task force on tax havens headed up by the UK's Dawn Primarolo is due to be published ...