Ethics and governance in the European Financial centers

Prem Sikka today wrote an article that demonstrates that without better reform of the UK's political institutions for taming corporate power, a durable regulatory system cannot be developed.

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HM Revenue & Customs has dramatically escalated attempts to compel banks to release the names of thousands of customers with offshore accounts as part of its fight against tax evasion despite fears that it may be overstepping its legal powers.

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Two key US senators recently said the Internal Revenue Service (IRS) needs to do a better job enforcing the collection of US taxes overseas, and one senator warned that legislation could be advanced in order to ensure collection rates improve.

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