Ethics and governance in the European Financial centers

Richard Murphy has quoted Reuters that reported that Luxembourg does not accept the EU executive’s plan for revising the bloc’s rules on savings tax and exchange of information between member states that go further than the OECD standards adopted last week by Luxembourg.

"We continue to believe Luxembourg is not a tax haven. I have written confirmation from the OECD that Luxembourg does not qualify as a tax haven," Minister Frieden, quoted by Reuters, said.

The key question is : are the OECD current criteria relevant to define what a tax haven is?

I don't think so.