The WSJ on the G20 outcome

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From the Wall Street Journal

Governments of the Group of 20 industrialized and developing nations are nearing agreement on measures aimed at cracking open secretive tax havens, but are divided over how harshly to punish those that don't cooperate.

Officials involved in preparations for Thursday's G-20 summit say the leaders will agree on guidelines for tax havens and outline sanctions for those that don't sign on. But negotiations over whether to take the added step of publishing a blacklist of uncooperative tax havens -- a measure that European governments have been pushing hard -- were continuing.

The accord has advanced further than many governments believed possible.

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