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Tue 03 Mar 2009Tax havens may find days of banking on secrecy are numbered
EUROPEAN DIARY:The OECD has been tasked with drawing up a list of tax havens for possible sanctions, writes JAMIE SMYTH.
WITH EU states struggling in the worst economic crisis for 60 years, the thought of rich businessmen stashing cash in exotic locations to avoid paying tax is exercising the minds of politicians. Tax havens have suddenly become “public enemy number one” just as world leaders prepare to reshape the global financial system at next week’s G20 summit meeting and regulate the type of greed that caused the current financial meltdown.
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