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Press watch: Tax haven activity ‘rife’

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‘A league table of the world's most secretive tax havens lists Switzerland as the worst offender, six weeks after the UK signed a tax transparency deal with the country.

‘A league table of the world's most secretive tax havens lists Switzerland as the worst offender, six weeks after the UK signed a tax transparency deal with the country.

‘The index, drawn up by Christian Aid and the campaign group Tax Justice Network, lists 72 leading countries and financial jurisdictions that offer financial services, and ranks them according to the volume of international business they deal with and the level of secrecy their clients enjoy.’

‘John Christensen, director of Tax Justice Network, said: "The Financial Secrecy Index reveals how the G20 is only chipping away at the outer shell of financial markets' secrecy.”’

Daily Telegraph, 5 October 2011

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