France and Germany reignite tax haven debate
Proposals for a new crackdown on offshore tax havens have been raised by France and Germany
Banks that use tax havens should be obliged to set aside higher capital to
leverage risk on the financial system, according to the French and German
governments.
The banks would also supply regulators with information relating to
transactions made within these jurisdictions, according to
ft.com
The G20 summit on 2 April is being used by the French and Germans as a
platform to generate support around these proposals.
Further Reading:
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of Man agrees to share tax data with Germany
Lib
Dems call for tax haven probe