09/25/2009
The words that Claude Kremer, Chairman ALFI, did not say
Claude Kremer, Chairman ALFI, did a very interesting speech where he announced five initiatives.
He did not say anything about the Luxembourg Institute for GLOBAL Financial Integrity.
Two hypotheses:
- LIGFI is definitely dead despite someone is currently playing online with the website by testing layouts and launching a blog in a very professional way
- Professionals do not agree with LIGFI's stated objectives: it is amazing to observe that the LIGFI keywords fairness, responsibility and accountability are not quoted by Claude Kremer. Only transparency is quoted but one can respect transparency in a misleading way by not implementing the other keywords.
07:59 Posted in Luxembourg | Permalink | Comments (0)
OECD list
Monaco and Switzerland are no longer on the OECD "grey list".
But there is a huge difference : many agreements for Switzerland are with OECD members whereas Monaco signed with many fellow tax havens.
Since the last time the G20 met, in April in London, a few jurisdictions are said to move towards substantial implementation of tax information exchange.
Nothing is actually implemented.
30 countries have come together to build a task force to check the commitments. The head of the group is France's chief offshore tax hunter Francois d'Aubert.
06:00 Posted in General | Permalink | Comments (0)