from: http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3DWFT5X9C&live= true&useoverridetemplate=ZZZFKOXOA0C&tagid=ZZZZV1CYA0C&subheading=financial%20 services Click Here: <A HREF="http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3DWFT5X9C &live=true&useoverridetemplate=ZZZFKOXOA0C&tagid=ZZZZV1CYA0C&subheading=financ ial%20services">FT.com | News and Analysis | World Article</A> ----- financial services ------------------------------------------------------------------------ 'Harmful' offshore tax havens named by OECD By Christopher Adams and Michael Peel Published: June 25 2000 20:24GMT | Last Updated: June 25 2000 22:16GMT The world's big economies will on Monday "name and shame" 35 offshore financial centres, ranging from the US Virgin Islands to Monaco and Liechtenstein, as tax havens that harm trade and investment flows. A draft version of the list, obtained by the Financial Times, will be the central plank of a report to be published by the Organisation for Economic Co-operation and Development this week. The OECD will tell the centres that unless they co-operate with a global crackdown on tax evasion, they risk incurring economic sanctions. They will be given a year to commit to reform. If they fail to do so, OECD member states will consider abrogating tax treaties allowing companies to write off tax paid in the territories. Several centres reacted angrily to their inclusion and accused the OECD of failing to consult. Richard Pratt, director-general of the financial services commission of Jersey, Channel Islands, said the Paris-based organisation had "culled the names from airline magazines". He said: "They haven't done a full evaluation exercise or told us why we've failed." But other centres were relaxed. "The process has changed over the last three or four months," said a government official from one on the list. "The OECD have taken a much more constructive line and a much more conciliatory line." The jurisdictions identified as tax havens are: Anguilla; Andorra; Antigua; Aruba; the Bahamas; Bahrain; Barbados; Belize; the British Virgin Islands; the Channel Islands of Guernsey, Sark and Alderney; the Cook Islands; Dominica; Gibraltar; Grenada; Isle of Man; Jersey; Liberia; Liechtenstein; Maldives; Marshall Islands; Monaco; Montserrat; Nauru; Netherlands Antilles; Niue; Panama; St. Kitts and Nevis; St. Lucia; St. Vincent; Seychelles; Tonga; Turks and Caicos; US Virgin Islands; Vanuatu; Western Samoa. Six centres originally threatened with inclusion will not appear. Bermuda, the Cayman Islands, Cyprus, Malta, Mauritius and San Marino pledged earlier this week to co-operate. more from ft.com Taskforce hits at money launderers Six havens to join OECD tax evasion crackdown Liechtenstein bridles at threat of bank blacklist Pledge on transparency Inquiry leads to raid on bank in tax haven Taxing time for havens ------------------------------------------------------------------------ ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, All My Relations. Omnia Bona Bonis, Adieu, Adios, Aloha. Amen. Roads End <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html <A HREF="http://home.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
