Ethics and governance in the European Financial centers

Reuters quoted Sen. Carl Levin who said it would become easier for federal authorities to pursue possible tax evaders by putting more onus on them to show that offshore shelters are legitimate. "It's got to end, and it's going to take a change in the law," Levin said at the Reuters Regulation Summit

Levin; Obama, an Illinois Democrat who is campaigning for his party's nomination for president; and Sen. Norm Coleman, a Republican from Minnesota, last year introduced a text to crack down on tax evasion strategies : the Stop Tax Haven Abuse Act.

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