G-20 Promises Action on Tax Havens and Non-cooperative Jurisdictions

On November 7, 2009, during its meeting in St. Andrews, the G-20 issued a progress report, calling on all jurisdictions to adhere to the international standards in prudential, tax and anti-money laundering and calling for swift and effective implementation of the tax standards on a global level through effective monitoring and a robust peer review mechanism, including the imposition of counter-measures against non-cooperative jurisdictions (NCJs)...(more)