Gordon Brown has set a September deadline for British Crown Dependencies and overseas territories to sign up to Tax Information Exchange Agreements (TIEAs) or face sanctions.
Abbey, which is controlled by Spanish banking juggernaut Santander, has hired the advisory firm Gleacher Shacklock to dispose of its Isle of Man offshore banking unit.
France has threatened to walk away from the G20 summit if its demands for tighter financial regulation are not met, reports suggest.
Thousands of British investors with up to £3bn stashed in secret Liechtenstein bank accounts will be asked to come forward voluntarily under a deal to be negotiated next week that could be the first of many worldwide.
Guernsey, Jersey and the Isle of Man are cautiously optimistic they will not be blacklisted in the G20 crackdown on tax havens and hope the islands could benefit as other jurisdictions come under the spotlight.
Britain's chief financial regulator blamed Gordon Brown yesterday for contributing to the economic crisis, coming close to accusing him of stoking the credit-fuelled housing boom and bust, reports The Times .
Jersey is convinced it will not be included in any crackdown on offshore jurisdictions by the G20 nations.
Jersey is convinced it will not be included in any crackdown on offshore jurisdictions by the G20 nations.
Investors continue to look offshore in growing numbers despite threats from world leaders to blacklist 'tax havens'.
Investors continue to look offshore in growing numbers despite threats from world leaders to blacklist 'tax havens'.