NY Times-London
- Disputes are raging from Athens to Washington about how to reduce government
debt without further damaging already weak economies. But there is at least one
thing on which global leaders seem to agree: cracking down on tax havens and
tax evasion would help.
Tax evasion and compliance was on the agenda of the meeting of
the Group of 20 countries in Cannes amid hope that the economic crisis has
given policy makers new impetus to push for a coordinated attempt to hunt for
some of that offshore wealth.
Assets held offshore by individuals worldwide have probably almost
doubled from $11.5 trillion six years ago, according to the Tax Justice
Network, a nongovernmental organization.
Efforts to go after tax evaders range from investing in technology and
hiring tax officers to working with the O.E.C.D. to reach agreements governing
tax havens.
Whatever steps are taken, policy makers agree that it takes international
cooperation and initiatives by individual countries to reduce tax evasion.
No comments:
Post a Comment