{"id":20062,"date":"2013-04-12T07:33:29","date_gmt":"2013-04-12T06:33:29","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=20062"},"modified":"2013-04-12T07:33:29","modified_gmt":"2013-04-12T06:33:29","slug":"the-uk-can-demand-tax-haven-reform-but-it-has-to-deliver-on-it-as-well","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/04\/12\/the-uk-can-demand-tax-haven-reform-but-it-has-to-deliver-on-it-as-well\/","title":{"rendered":"The UK can demand tax haven reform, but it has to deliver on it as well"},"content":{"rendered":"

The\u00a0Economic\u00a0Times of India <\/a>has reported this morning tat:<\/p>\n

Under fire for its banking secrecy, Austria hit back at Britain and the\u00a0United States\u00a0on Thursday, urging them to crack down on\u00a0money laundering\u00a0and\u00a0tax havensin their own backyards, as\u00a0EU\u00a0ministers prepared to debate the issue in Dublin.<\/p>\n

Friction emerged before the\u00a0Dublin\u00a0meeting as France's budget minister warned Austria it could be blacklisted if it refused to share information on EU citizens'\u00a0bank accounts, a threat\u00a0Vienna\u00a0dismissed as an \"improper diversionary tactic\".<\/p><\/blockquote>\n

That's nonsense of course.\u00a0Austria\u00a0remains 8 years behind the time in refusing to\u00a0exchange\u00a0the\u00a0most\u00a0basic of information under the\u00a0European Union Savings Tax Directive to tackle tax havens. There is no doubt it might assist criminality as a result. But the report goes on:<\/p>\n

Isolated in the\u00a0European Union\u00a0following Luxembourg's move this week to share foreigners' bank data to foil tax cheats, Austria's\u00a0finance minister\u00a0said she might discuss a change of tack, but insisted it could not be a \"one-way street\" and accused London and Washington of failing to close international tax loopholes in the likes of Delaware and the Channel\u00a0Islands.<\/p>\n

\"Delaware and Nevada are tax havens and money-laundering centres that have to be laid bare just as much,\" Fekter told Die Presse newspaper and adding that Britain was \"the island of the blessed for tax evasion and money-laundering\".<\/p><\/blockquote>\n

And that's indisputable. The UK and US are enormous tax havens; the UK in particular through its network of havens, all of them\u00a0branches\u00a0of the City of London. Yes we can demand change, but we have to give it too. A list of the reforms we might deliver can be found here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0Economic\u00a0Times of India has reported this morning tat: Under fire for its banking secrecy, Austria hit back at Britain and the\u00a0United States\u00a0on Thursday, urging them
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,10,55,32],"tags":[],"class_list":["post-20062","post","type-post","status-publish","format-standard","hentry","category-secrecy-jurisdictions","category-tax-avoidance","category-tax-evasion","category-tax-havens"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/20062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=20062"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/20062\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=20062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=20062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=20062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}