Stories that are tagged 'banking secrecy'

	Swiss Asset Managers Slam 'Incoherent' Financial Centre Strategy 5/16/2012 During its general assembly in Zurich, the Swiss Association of Asset Managers criticized the government’s ‘white money strategy’, a new financial market policy geared towards the management of taxed assets, calling instead for a coherent strategy for the Swiss financial centre.
	IRS Non-Resident Reporting Rule Questioned Again 5/16/2012 The Treasury Department’s failure to provide sufficient answers about Internal Revenue Service regulations requiring United States banks to disclose interest paid to non-resident aliens has prompted the House of Representatives’ Ways and Means Oversight Subcommittee Chairman Charles Boustany to request additional information.
	San Marino Urged To Consider New Economic Model 5/11/2012 Despite a 15% decline in tax revenues in San Marino over the past two years, authorities have been able to maintain a comparatively low deficit. However, the most significant challenges relate to the stability of the nation's banking sector, which has suffered capital flight as tax transparency initiatives gain ground, a new International Monetary Fund report says.
	Italy, Switzerland Agree To Tax Talks 5/11/2012 Following the recent positive developments with regard to the tax treaties between Switzerland and various European Union member states, a meeting held on May 9 between Swiss and Italian officials has agreed to the establishment of a working group to resolve the outstanding tax problems between their two countries.
	Left Demands Improvements To Swiss-German Tax Deal 5/7/2012 Despite cracks appearing in cross-party relations, Germany’s red-green federal states, governed by both the Social Democrats and by the Green Party, are said to remain united in their firm opposition to the Swiss-German tax deal, and in their demands for improvements to be made to the text.
	Swiss Left Seeks To Delay Debate On Tax Deals 5/4/2012 Switzerland’s Social Democrats have threatened to block in parliament the landmark withholding tax agreements concluded recently with Germany, the UK and Austria, if the treaties are not in accordance with the party line.
	India Obtains TIE Relaxations From Switzerland 5/2/2012 According to a statement from the India’s Ministry of Finance, the Indian and Swiss governments have signed a protocol to their bilateral double taxation agreement, which will allow for a 'liberal interpretation' of the identity requirements before the exchange of information.
	Di Pietro Calls For Tax Treaty With Switzerland 5/1/2012 Antonio di Pietro, the former anti-corruption magistrate and present leader of the Italia dei Valori opposition party, has written in his blog that the Italian government should now be looking to garner the EUR40bn (USD53bn) in tax revenue that could be available by concluding a tax treaty with Switzerland.
	Uruguay To Exchange Tax Information With Argentina 5/1/2012 Uruguay has agreed to share tax information with Argentina, under a landmark double tax agreement recently signed between the two nations.
	Barbados's Tax Transparency Framework Endorsed 4/27/2012 The Barbados government has welcomed recognition from the Organization for Economic Cooperation and Development that its legislative and regulatory framework for the exchange of tax information meets international standards.
	Switzerland To Conclude TIEAs 4/27/2012 The Swiss Federal Council has recently taken the decision to agree to the international standard on administrative assistance not only in double taxation agreements, but also in so-called tax information exchange agreements.
	German Cabinet Adopts Swiss Tax Deal 4/30/2012 The German cabinet has recently adopted the bill implementing the bilateral tax agreement with Switzerland.
	Swiss Parliament Adopts Tax Deal With Austria 4/25/2012 Switzerland’s Federal Council has recently adopted the text of the withholding tax agreement with Austria.
	London Invokes Clause To Improve Swiss Tax Deal 4/24/2012 In a diplomatic note, the UK has called for changes to be made to the bilateral withholding tax agreement concluded with Switzerland last October, aimed at resolving the issue of the undeclared wealth of British residents held in Swiss banks.
	Swiss Lawmakers To Examine German, UK Tax Deals 4/23/2012 The Swiss Federal Council has recently submitted to parliament the bilateral withholding tax agreements with Germany and the UK, together with the Federal Act on International Withholding Tax, designed to implement the new agreements.
	Liechtenstein, Sweden TIEA Enters Into Force 4/19/2012 The bilateral tax information exchange agreement between Liechtenstein and Sweden has now entered into force, following ratification of the treaty by the relevant contracting parties.
	Liechtenstein, Austria Eye Withholding Tax Deal 4/18/2012 Austria reportedly plans to re-launch talks with Liechtenstein at the end of April, aimed at negotiating a bilateral tax deal between the two countries to resolve the issue of untaxed assets held by Austrian residents in the Principality’s banks.
	Swiss Bankers Welcome Tax Deal With Austria 4/18/2012 The Swiss Bankers Association has recently taken note of the signing of the bilateral tax agreement between Switzerland and Austria, and has welcomed the fact that the Confederation’s strategy for tax conformity, defined over two years ago, has now been substantiated with a third European country following the agreements signed with the UK and with Germany.
	Switzerland Stands Firm On Revised German Tax Deal 4/17/2012 Staunchly defending the importance of the bilateral tax agreement with Germany, as a means to resolve the longstanding issue of undeclared assets held by German residents in the Confederation’s banks, Swiss Finance Minister Eveline Widmer-Schlumpf has ruled out any further compromises.
	FATF Mandate Extended To 2020 4/17/2012 Ministers from nations party to the Financial Action Task Force's 40+9 recommendations are to extend the organization's mandate to 2020, to allow the agency to continue its role of protecting the integrity of the international financial system through the development and enforcement of its anti-money laundering and terrorism financing standards.
	OECD Issues New Peer Reviews 4/5/2012 The Organization for Economic Cooperation and Development, publishing eleven new peer reviews, has said that the vast majority of territories which have been subject to critical assessments have implemented satisfactory legislative regimes that can facilitate the exchange of information on request.
	Schäuble Tries To Quieten Swiss Tax Imbroglio 4/5/2012 German Finance Minister Wolfgang Schäuble has underlined the need for the bilateral Swiss-German withholding tax agreement to enter into force as planned from January 1, 2013, despite Switzerland’s inflammatory decision this week to issue arrest warrants for three German tax investigators for industrial espionage.
	Liechtenstein's Nordic TIEAs Enter Into Force 3/30/2012 The Liechtenstein government has recently announced that the bilateral tax information exchange agreements (TIEAs) concluded with Norway, Finland, Iceland, Greenland and the Faroe Islands are due to enter into force shortly, following ratification of the treaties by the relevant contracting parties.
	Switzerland Snubs Tax Deal With Austria 3/28/2012 The Swiss government has no firm plans to conclude a bilateral tax agreement with Austria to resolve the longstanding issue of undeclared bank accounts held by Austrian nationals in the Confederation’s banks despite claims to the contrary by the Austrian government.
	Switzerland, UK Supplement Withholding Tax Agreement 3/23/2012 Switzerland and the United Kingdom have recently signed in Brussels a Protocol of Amendment that supplements the withholding tax agreement of October 6, 2011.
	Switzerland, EU Discuss Tax 3/22/2012 Swiss President Eveline Widmer-Schlumpf and Federal Councillor Burkhalter have recently met with top European Union representatives within the scope of a working visit in Brussels, with the discussions focussing on current developments in bilateral relations and in particular on strengthening cooperation in the area of taxation.
	Guernsey Concludes Comprehensive DTA With Malta 3/21/2012 Guernsey has announced the signing of a comprehensive Double Taxation Agreement with Malta, which will allocate the territories' taxing rights to ensure that double taxation is removed from bilateral trade and investment, and also permit tax information exchange on request.
	Germany Seeks To Iron Out Swiss Tax Deal Issues 3/19/2012 Following recent ‘constructive’ talks with his colleagues from Social Democrat- and Green Party-led federal states, German Finance Minister Wolfgang Schäuble has agreed to hammer out with Switzerland certain changes to the bilateral Swiss-German tax deal, signed in September.
	Jamaica To Launch Tax Information Exchange Office 3/16/2012 The Jamaican government has announced that it will soon launch an Exchange of Information Office to ensure the territory deals with tax information requests efficiently and in a timely manner, and also to bolster the nation's own tax enforcement efforts against non-compliant domestic taxpayers.
	Jersey Signs Tax Data Sharing Pact With Italy 3/14/2012 The Jersey government on March 13, 2012, signed a bilateral agreement with Italy to exchange tax information on request in accordance with the Organization for Economic Cooperation and Development's internationally-agreed standard on tax transparency and information exchange.
	Swiss Lawmakers Give Go-Ahead To Amended US DTA 3/9/2012 Marking a significant step forward in the longstanding tax dispute between the two countries, the Swiss National Council, or lower house, has recently given the green light to an amendment to the bilateral double taxation agreement with the US, permitting grouped requests.
	South Africa Extends Its TIE Network 3/6/2012 The South African Revenue Service has disclosed that a protocol to facilitate the exchange of tax information within the existing double taxation agreement between South Africa and Austria has recently entered into force, as have tax information exchange agreements with Bermuda, the Cayman Islands, Guernsey, Jersey and San Marino.
	Switzerland Confirms Financial Centre Strategy 2/27/2012 The Swiss Federal Council has recently held talks on a 'credible' financial centre strategy designed to deflect international criticism over issues such as tax and banking secrecy.
	Austria Launches Talks On Swiss Tax Deal 2/22/2012 Austria’s Finance Minister Maria Fekter has recently announced that talks on a planned bilateral tax agreement with Switzerland are due to begin in April.
	St Kitts And Nevis Boosts Tax Cooperation 2/10/2012 Saint Kitts and Nevis's Cabinet has approved the signing of a Tax Information Exchange Agreement with India and has endorsed the commencement of negotiations towards similar agreements with a further four nations.
	US To Cooperate With EU Countries On FATCA 2/10/2012 The United States Treasury Department and the Internal Revenue Service have issued proposed regulations for the next major phase of implementing the Foreign Account Tax Compliance Act, which also includes a joint statement with France, Germany, Italy, Spain and the United Kingdom on a possible government-to-government framework for information exchange.
	Switzerland, EU Set For Tax Clash 2/9/2012 Switzerland’s Federal Council has recently announced the next steps for the continuation of bilateral negotiations with the European Union, including in the contentious area of taxation.
	Liechtenstein, UK Seal Tax Treaty 2/9/2012 During a recent working visit to Vaduz by Dave Hartnett, UK Permanent Secretary for Tax, Liechtenstein and the UK initialled a landmark comprehensive bilateral Income Tax Treaty, and extended the unique Liechtenstein Disclosure Facility.
	Swiss-German Tax Deal Under Threat 2/8/2012 Social Democrat controlled states throughout Germany reportedly plan to block the bilateral tax agreement between Switzerland and Germany in the German Bundesrat, or upper house of parliament, during a crucial vote on February 10.
	Switzerland Yields To US Tax Demands 2/6/2012 Following mounting pressure from the US attorney’s office, Switzerland has finally handed over to US investigators comprehensive, encrypted, banking data pertaining to eleven Swiss banks, alleged to have aided wealthy Americans to evade US taxes amounting to billions of euros.
	Panama Plans More TIEAs 2/1/2012 Panama's Minister for the Economy and Finance, Frank De Lima has confirmed the government will continue to seek out tax information exchange agreements with other nations despite having reached the twelve agreement quota set for inclusion on the Organisation for Economic Cooperation and Development's white list.
	Liechtenstein's PM Welcomes Dawn Of New Tax Era 2/1/2012 Determined to portray a new and positive image of the Principality, Liechtenstein’s Prime Minister and Finance Minister Klaus Tschütscher has recently insisted that the age of so-called tax havens, jurisdictions deemed to be uncooperative in tax matters, is now over.
	Swiss Financial Market Regulation Praised 2/1/2012 According to the Swiss Federal Department of Finance, the Financial Stability Board has taken a positive view of the 'too big to fail' legislation in its peer review report on Switzerland.
	Malta Signs TIEA With Gibraltar 1/27/2012 Malta has welcomed the signing of a Tax Information Exchange Agreement with Gibraltar, which will provide both countries with tax information on request when there is evidence of fiscal crime.
	US Treasury Aims To Lower FATCA Burdens 1/30/2012 During her remarks at the New York State Bar Association Annual Meeting, Acting Assistant Secretary for Tax Policy, Emily McMahon, indicated that regulations for the implementation of the provisions of the Foreign Account Tax Compliance Act are in the final stages of clearance at the United States Treasury and the Internal Revenue Service.
	India Signs Multilateral Tax Cooperation Convention 1/30/2012 India is the latest signatory to join the multilateral Convention on Mutual Administrative Assistance in Tax Matters, an agreement drafted to promote international tax cooperation.
	Swiss Financial Centre 'Faces Uncertain Times' 1/26/2012 According to a recent study conducted by the Swiss independent economic research institute BAK Basel, the Swiss financial sector will decline in importance at international level over the course of the coming years, resulting in thousands of job losses in the sector.
	Malta Signs Tax Info Sharing Pact With The Bahamas 1/23/2012 Malta on January 18, 2012, signed a Tax Information Exchange Agreement with the Bahamas, to enable the two nations' tax authorities to share tax information on request.
	Jersey Hits Back At Labour's Tax Haven Slur 1/19/2012 Jersey has responded to comments made by Ed Milliband, the leader of the opposition Labour Party party in the United Kingdom, urging that action should be taken by the European Union against British Crown Dependencies, including Jersey.
	Bankers Outline Priorities For Swiss Financial Centre 1/18/2012 Vice-President of the Swiss Private Bankers Association Christoph Gloor has recently urged the Confederation’s federal administration and financial market supervisory authority FINMA to refocus their attentions on strengthening the competitiveness of the Swiss financial centre and on improving market access.
	US Busts Extensive Panamanian Money-Laundering Racket 1/3/2012 The US Department of the Treasury's Office of Foreign Assets Control has announced a major crackdown on an extensive money laundering network based primarily in Panama, which includes several money exchange businesses based in the nation.
	French Lawmakers' Green Light To Panama DTA 12/26/2011 Safeguarding the interests of businesses in France, the French National Assembly has definitively adopted a highly controversial bilateral tax agreement between France and Panama.
	UK, Liechtenstein Agree Changes To LDF 12/26/2011 Changes to the existing tax deal between the UK and Liechtenstein are set to make the agreement more transparent and easier to use, HM Revenue and Customs has said.
	Swiss State Council Backs US Tax Deal Amendment 12/16/2011 After having dragged its heels, Switzerland’s State Council finally voted in favour recently of plans to provide mutual assistance to the US authorities in cases of alleged tax evasion involving group requests, based on patterns of behaviour in the absence of specific account details.
	Jersey Businesses Challenge Altered Transparency Goalposts 12/8/2011 The Jersey Chamber of Commerce, which represents Jersey's private sector businesses, has urged the island's decision makers to pause for thought prior to agreeing to a new raft of demands from advanced nations on tax information exchange.
	Panama Ditches French Credit Line On Tax Haven Slur 12/5/2011 The Panamanian government has announced its decision to withdraw from a multimillion funding arrangement with a French banking institution in retaliation for comments made by French Minister for the Budget and Public Accounts, Valerie Pecresse, in which Panama was labelled uncooperative in tax matters.
	EU Challenges Switzerland's Landmark Tax Deals 11/29/2011 The European Commission plans to challenge landmark bilateral tax deals concluded between Switzerland and the UK and Switzerland and Germany pertaining to the taxation of savings held by British and German investors in Swiss bank accounts.
	Jersey To Revise Due Diligence Requirements 11/24/2011 The Jersey Financial Services Commission has launched a consultation on proposals to amend the Money Laundering Order 2008 and the Anti-Money Laundering/Countering the Financing of Terrorism Handbook to revise customer due diligence requirements.
	Switzerland To Amend US Mutual Assistance Order 11/22/2011 Switzerland’s Federal Council has recently approved an amendment to the ordinance on the bilateral double taxation agreement between Switzerland and the United States dating back to 1996, to ensure that the procedural rights of affected persons domiciled in the United States remain guaranteed even if administrative assistance requests are submitted based on certain patterns of behaviour.
	Schäuble Seeks To Renegotiate Swiss Tax Deal 11/18/2011 Determined to gain support from Social Democrat-led states (SPD) in the German Bundesrat or upper house of parliament, German Finance Minister Wolfgang Schäuble is reportedly endeavouring to renegotiate the bilateral tax agreement with Switzerland.
	Swiss President Holds EU Tax Talks 11/17/2011 President of the Swiss Confederation, Micheline Calmy-Rey, head of the Federal Department of Foreign Affairs, recently held talks in Zurich with President of the European Council, Herman Van Rompuy, with the discussions focussing on Swiss-EU relations, the debt crisis in the eurozone, co-operation on tax issues, as well as selected international issues.
	Swiss Lawmakers Approve US Info Exchange Amendment 11/15/2011 The Swiss Foreign Affairs Committee of the Council of States, Switzerland’s upper house of parliament, has recently adopted a federal decree pertaining to an amendment to the 2009 bilateral double taxation agreement in place between Switzerland and the US.
	Jersey Effectively Implementing Tax Information Exchange 10/27/2011 Jersey Finance has welcomed the findings of the Global Forum on Transparency and Exchange of Information for Tax Purposes which reported on Jersey's progress in developing a transparency and tax information exchange regime in line with developing international standards.
	Anguilla Praised On Tax Transparency 10/24/2011 The efforts of Caribbean territory Anguilla over transparency and tax information exchange were recognised in the positive peer review report from the Organization for Economic and Cooperation Development now adopted by the Global Forum.
	Canada, SVG Begin Tax Information Exchange 10/13/2011 Last year's tax information exchange agreement signed between Canada and St. Vincent and the Grenadines has entered into force, the provisions of which are based on the Organization for Economic Cooperation and Development’s internationally agreed standard on exchange of tax information.
	Andorra Readies New Taxes 10/12/2011 During a recent official visit to France, the head of the Andorran government Antoni Marti Petit, accompanied by President of the Andorran parliament Vicenç Mateu Zamora, confirmed plans to introduce a range of taxes in the principality in 2012.
	Switzerland, UK Seal Tax Deal 10/10/2011 Swiss Federal Councillor Eveline Widmer-Schlumpf and UK Exchequer Secretary to the Treasury David Gauke recently signed a landmark tax agreement in London, concerning the taxation of UK investors’ income in Switzerland.
	German Banks Welcome Swiss Tax Deal 9/29/2011 The Association of German Banks (Bundesverband deutscher Banken – BdB), representing private commercial banks and member ssociations in Germany, has broadly welcomed the aim of the recently concluded bilateral tax deal between Germany and Switzerland.
	Credit Suisse Settles German Tax Probe 9/21/2011 Swiss banking giant Credit Suisse has reached an agreement with the public prosecutor’s office in Düsseldorf aimed at ending proceedings against Credit Suisse employees in relation to allegations of aiding tax evasion.
	SPD Threatens To Veto Swiss-German Tax Deal 9/21/2011 Just as Switzerland and Germany are on the brink of signing a landmark tax deal aimed at resolving a long-standing dispute between the two countries, Germany’s Social Democratic Party has announced its intention to oppose the agreement in the country’s Bundesrat, or upper house of parliament.
	Osborne Talks Tough On Tax Evasion 8/31/2011 The UK's government is taking 'radical steps' to crack down on unfairness in the tax system, the Chancellor has said, pledging to find tax evaders and their money.
	Italian Opposition Calls For Swiss Tax Pact 8/30/2011 Francesco Boccia, a leading economic spokesman for the Partito Democratico, Italy’s largest opposition party, has urged the government to use the opportunity of the recent Swiss tax agreements with Germany and the United Kingdom to kick-start its own stalled negotiations with Switzerland.
	Tax Experts Unconvinced Over UK-Swiss Tax Deal 8/29/2011 While the government has hailed the UK's landmark tax deal with Switzerland, experts have warned that the agreement could lead to people simply moving their assets elsewhere.
	UK, Swiss Tax Deal Revealed 8/26/2011 Hot on the heels of a similar deal with Germany, Swiss authorities have initialed a landmark deal with the UK, which will permit the taxation of funds held by UK residents in Swiss bank accounts.
	France Snubs Swiss Tax 'Deal' 8/23/2011 France has, for the time being at least, reportedly ruled out the idea of concluding a bilateral tax deal with Switzerland, aimed at resolving the ongoing issue of tax evasion, following recent advances from and talks with the Confederation.
	Germany Denies Fresh Tax Disc Purchase 8/17/2011 Germany’s finance ministry has recently denied reports that the country’s investigating authorities have purchased a new tax data disc, containing the names of thousands of Germans alleged to have evaded taxes in Switzerland.
	Switzerland, Germany Conclude Landmark Tax Deal 8/12/2011 In a move to quash longstanding tax disputes between the German government and Swiss financial institutions, the governments of Germany and Switzerland on August 10 concluded negotiations on tax issues and initialled a framework for the future taxation of funds deposited in Switzerland by German residents.
	Swiss-German Tax Deal Near 7/26/2011 The cornerstones of Germany’s tax agreement with Switzerland, designed to resolve the controversial issue of legalizing undeclared and untaxed wealth held by German citizens in Swiss bank accounts, have reportedly been agreed.
	Swiss Court Deems UBS Disclosure Lawful 7/21/2011 Switzerland’s Federal Supreme Court has recently ruled that the disclosure of UBS customer data by the Confederation’s Financial Market Supervisory Authority to the US Department of Justice was lawful.
	EC Outlines Terrorist Finance Tracking System 7/19/2011 Responding to a call from the European Parliament and the European Council, the European Commission has adopted a Communication outlining the main options for establishing a European Terrorist Finance Tracking System.
	Guernsey Removed From Levin's 'Blacklist' 7/18/2011 Guernsey’s engagement with Washington has resulted in Democrat Senator Carl Levin removing the island from his 'blacklist', the Guernsey government has announced.
	Switzerland Adopts Tax Administrative Assistance Act 7/14/2011 Following the consultation period, the Swiss Federal Council has adopted the dispatch on the new Federal Act on International Administrative Assistance in Tax Matters.
	Panama Removed From OECD 'Grey List' 7/11/2011 Panama has followed Costa Rica in being removed from the Organization for Economic Cooperation and Development's 'grey list' of countries which have yet to substantially implement international standards on the exchange of tax information.
	IoM Moves To Automatic Information Sharing 7/7/2011 The Isle of Man has implemented an earlier decision to move to the full, automatic exchange of information with European member states under the EU Savings Tax Directive.
	US, Switzerland Brokering Tax Deal 6/16/2011 Switzerland and the US are reportedly in advanced stages of negotiations pertaining to a global agreement designed to resolve the ongoing and highly damaging issue of tax evasion.
	Switzerland Pursues Tax Talk Plans 6/14/2011 During a recent general meeting of the Swiss Association of Asset Managers held in Bern, Switzerland’s Deputy State Secretary for International Financial and Tax Matters Alexander Karrer alluded to ongoing bilateral tax negotiations between Germany and the UK.
	Switzerland Outlines Financial Centre Regulatory Strategy 6/14/2011 During his keynote speech at the gathering of the Swiss Association of Asset Managers in Bern, Switzerland’s Deputy State Secretary for International Financial and Tax Matters Alexander Karrer explained that the Confederation’s financial centre is currently in a period of transition and outlined current projects underway in terms of regulation.
	Liechtenstein To Broaden Legal Assistance Law 6/10/2011 Liechtenstein’s government has recently submitted a proposal for consultation, which aims to extend legal assistance in criminal tax matters by implementing changes to the Principality’s existing legal assistance law and by agreeing to the additional protocol to the European legal aid agreement.
	Switzerland Passes Global Forum Review 6/8/2011 The Swiss Federal Administration has confirmed that the Confederation has passed the review on administrative assistance in tax matters carried out by the Global Forum.
	OECD Reviews Jurisdictions' Tax Transparency 6/2/2011 The Organisation for Economic Cooperation and Development has released a series of new Peer Review reports, covering the exchange of information for tax purposes, and making recommendations for improvements in this area.
	Mexico, Costa Rica Sign TIEA 5/23/2011 Mexico and Costa Rica have signed an agreement providing for the mutual exchange of information on tax, designed to combat tax evasion and comply with international standards.
	Switzerland Eyes Withholding Tax With US 5/10/2011 According to Switzerland’s Finance Minister Eveline Widmer-Schlumpf, a withholding tax would be the 'right instrument' to resolve remaining tax issues with the US.
	Britons Face Punitive Tax On Swiss Accounts 5/9/2011 With an official announcement on the specifications of the deal expected within the month, it has been reported that an agreement between the UK and Switzerland will impose a 50% withholding tax on income from Swiss bank accounts, raising over GBP3bn for the UK over the next four years.
	Switzerland-UK Bank Deposit Tax Deal Imminent 4/28/2011 Seeking to reinvigorate its offshore banking industry against the background of changing tax transparency standards, Switzerland is within weeks of concluding a landmark deal with the United Kingdom government, thought to be worth billions for UK coffers annually.
	Gibraltar, Spain Tax Agreement Progressing 4/13/2011 Gibraltar Chief Minister, Peter Caruana has announced that negotiations towards a bilateral tax information exchange with Spain are ‘very advanced’.
	EU Launches Assault On 'Harmful' Taxes 4/5/2011 Speaking at the 'Workshop on the Outlook for Financial Markets, for their Governance and for Finance,' the EU Commissioner for Taxation, Algirdas Šemeta, disclosed that the European Union, as part of a three-point plan to tackle member states' debts, will increase their assault on 'harmful' tax regimes.
	Barbados Sounds The Alarm On OECD Listing 3/24/2011 In a rare assault on the Organisation for Economic Cooperation and Development – the body responsible for enforcing tax transparency standards – Barbados has insisted it won’t 'roll over and play dead' as the Organization attempts to blacklist the territory as 'uncooperative.'
	EU-US Data-Sharing Deal Raises Concerns 3/22/2011 Debating a watchdog report on the first six months of a joint data-sharing deal, MEPs on the European Parliament’s Civil Liberties Committee are concerned that requests from the United States for European Union citizens' banking data are too general and abstract.
	Italy, Switzerland Tax Disputes Rumble On 3/18/2011 Two delegates to the Federal Council from the canton of Ticino have asked Switzerland’s federal government to re-examine existing tax agreements with Italy, due to the continuingly difficult fiscal relationship between the two countries.
	Germany Steps Up Offshore Bank Probe 2/25/2011 German prosecutors have this week stepped up their investigations into Credit Suisse employees and customers, targeting those suspected of tax evasion.

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