Obama’s sherpa says see the G20 as starting a work programme on tax havens

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Just been briefed by Obama’s team.

The message is this. However we tackled tax havens in the past is not the way we will do so in the future. Whatever starts now is just the start of a work programme. The programme will develop as we learn until we deliver.

I think there was some humility in this.

Real political commitment too.

And an awareness that they are going to work on alternatives.

Again it’s a good sign, as long as delivered on.