The briefing from Stephen Timms was positive. He clearly expects a result on tax havens.<\/p>\n
He said there was \u00e2\u20ac\u0161\u00c3\u201e\u00c3\u00b2lively discussion’ \u2014 for which read disagreement.<\/p>\n
He said \u00e2\u20ac\u0161\u00c3\u201e\u00c3\u00b2the era of banking secrecy is over’ and \u00e2\u20ac\u0161\u00c3\u201e\u00c3\u00b2tax information does need to be exchanged.’<\/p>\n
He was emphatic \u2014 commitments are not enough to avoid blacklisting \u2014 and blacklisting will happen, but probably not today. It will actually be a black, shades of grey and white list as I understand it.<\/p>\n
He says the Summit will address the need for commitment.<\/p>\n
He also, very refreshingly, made clear it is government view that the opacity of tax havens did directly contribute to the crash in confidence between banks that precipitated the current crisis.<\/p>\n
He finished with “I am expecting sanctions and in due course a listing.”<\/p>\n
As I suggested this morning.<\/p>\n","protected":false},"excerpt":{"rendered":"
The briefing from Stephen Timms was positive. He clearly expects a result on tax havens. He said there was \u00e2\u20ac\u0161\u00c3\u201e\u00c3\u00b2lively discussion’ \u2014 for which read
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