Major (former?) tax havens featured in Germany’s largest newspaper

It’s fair to say the tax transparency agenda has come a long way. From yesterday’s BILD, Germany’s best selling tabloid with the sixth largest circulation worldwide, an article with the headline:   Read more…


Liechtenstein news: Banking sector grows in first half 2014 despite “end” of bank secrecy reports that:

“Most banks in Liechtenstein’s finance centre have increased the assets they manage in the first semester. This growth was not linked to overall development of financial markets, but in particular to the influx of new money.

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Secrecy Monitor’s anniversary post: a year tracking the tax haven media

One year ago Financial Secrecy Media Monitor was launched; discovering both Brown Moses and Austin Kleon’s Steal like an Artist (“write the book you want to read”) in the same week took away the last available excuses for procrastination.

172 posts and 295 regular subscribers later, some brief reflections and questions:

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Uruguay news: authorities concerned about “illegal activity” in free trade zones

Uruguay’s El País reports that authorities have admitted there is illegal activity in some of the country’s ten free trade zones.

The director of Uruguay’s customs authority, Mr Enrique Canon, is quoted saying that “US authorities are paying attention to Uruguay.”

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Cayman registers almost 20% of FATCA Foreign Financial Institutions globally; more than the UK, Switzerland and Luxembourg combined

Guernsey – population 65 thousand – was recently reported to be eighth worldwide in number of Foreign Financial Institutions registered under the US Foreign Account Tax Compliance Act (FATCA). FATCA, which became law in March of 2010, requires foreign financial institutions (FFIs) with US clients to register with the IRS.

Which countries have registered the most Foreign Financial Institutions under FATCA so far?

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