Ethics and governance in the European Financial centers

The Financial Times has repôrted that Gibraltar would have almost completed its transformation into a conventional financial centre.

“We have been repositioning Gibraltar away from the tax haven, the brass plate, the place where people just hide their money in the hope that nobody else will see it, much more into a financial centre of the onshore European variety,” Mr Caruana, chief minister, told the Financial Times.

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Reuters reported that according to Jeffrey Owens, a global crack down on tax evasion in financial centers is moving into a more difficult enforcement phase.

This is exactly what I said with the significant example of  Luxembourg where the enforcement is dubious.