Archives > 2008-09

According to the OECD, advances are being achieved in bringing greater transparency to financial centres around the world, but progress on exchange of information on tax issues is more limited, according to OECD’s latest report on its drive to bring more fairness to cross-border tax co-operation. Significant restrictions on access to bank information for tax purposes remain in three OECD countries – Austria, Luxembourg and Switzerland – and in a number of offshore financial centres, including Liechtenstein, Panama and Singapore. Further, a number of offshore financial centres that...

Eric Woerth is willing to organise whith his german colleague Peer Steinbrück a meeting with OECD members in October or November about tax havens. He stated that a tax haven is like a paradis fiscal acts like a poacher that go without legislation to the groundà of someone who abide by the law." He added that he is willing to go much farther in the control of tax havens and that the...

Some Fortis press releases in 2008 are worth reading 25 January 2008 : Fortis confirms sound capital and solvency position and unchanged dividend policy 3 April 2008 : Fortis Banque...

The Guardian has reported that the British government is attempting to torpedo a section of an international plan to eradicate tax evasion with the view of protecting the interests of City law...

PwC Luxembourg has recently published a brochure called " Investment Management Luxembourg - the location of choice " that is worth reading in the context of the financial crisis and of the...