ABSTRACT

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Tax Havens Go on Probation

Author: Nicolas DE BOYNES

Type: Article : News

ref: 42009512-524

N0:4 of 2009

Pages: 512-524

The fight against tax havens has led to numerous commitments by tax havens to rollback their harmful tax practices. Despite the long-term work of the OECD, these official statements have not been put to practical effect until now. The financial crisis and the discovery of widescale tax evasions have recently changed this situation. Using the carrot and the stick approach, the latest G20 meeting succeeded in imposing a general movement, from all the financial centres, towards the exchange of information on tax matters. This article provides an analytical overview of the main measures adopted in the latest decade by the OECD, the European Union and France to fight against tax havens.