Is the G-20's War on Tax Havens a Sham? - BusinessWeek

Business Week by Alexander Neubacher | Apr. 14, 2009 (News Analysis)

All a country had to do in order to be removed from the list and accepted into the circle of the supposedly purified was to provide the OECD with the solemn assurance that it intended to abide by international agreements in the future. Whether this is a step forward remains to be seen. Full Story »

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Peter L. Combs
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 by Peter L. Combs - Apr. 14, 2009

An interesting angle on the "reforms' of offshore banks following the G20. Explains how things can change, but only on paper. The article failed to explain how countries dependant on Tax Haven banking can replace this source of income with another.

I suspect, this was a flurry for PR sake and the Tax Havens will be back under the radar within a few months. "yeah we'll get around to it"..will be the refrain..and understandably so.

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