What made financial headlines over the weekend?
Britain could be forced to bail out one or more of its offshore tax havens at huge cost, according to early drafts of a Treasury report, because the economic crisis has wrecked their finances, according to the Guardian.
Finance ministers of the G20 countries have given tax havens until March 2010 to tackle tax evasion, or face harsh sanctions.
The Organisation for Economic Cooperation and Development (OECD) proclaims an end to banking secrecy as it unveils an enforcement mechanism to ensure countries keep their promises about tax evasion.
Co-operation between higher-tax states to combat tax havens could damage the economy and amount to a cartel between countries, warns a new paper.
While house prices across Europe have plunged in recent months, a stream of wealthy tax exiles is continuing to push up property prices in offshore tax enclaves across the continent.
The Organisation for Economic Co-operation and Development (OECD) has removed all countries from its tax haven blacklist.
The Organisation for Economic Co-operation and Development (OECD) has removed all countries from its tax haven blacklist.
Fines, sanctions and blacklisting could await tax havens refusing to publish details of their accounts as a result of the G20 communiqué, but no enforcement time-table has been decided.
France has threatened to walk away from the G20 summit if its demands for tighter financial regulation are not met, reports suggest.