Tax has been constantly in the news in advance of the G-20 summit as Gordon Brown and other world leaders have made clear their intentions to identify and possibly take sanctions against 'non-cooperative jurisdictions' and 'tax havens'.
As a result of this pressure, a host of countries have announced that they intend to change the way they operate their finance centres. The OECD has said publicly that it has provided information to the G-20 about the progress - or lack of it - that countries have made towards implementing standards on transparency and exchange of information. I expect the G20 to usher in a sustained and assertive push to improve international tax co-operation. It should be made clear which countries are operating according to agreed standards, and which countries have made little or no effort to meet th...
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