Sunday, 23 November 2014
Tax Dodgers crackdown
Governments worldwide have pledged to crackdown on tax evaders and financial fraudsters, 50 countries have signed an international agreement against banking secrecy at a recent summit in Berlin. It's thought $7.4 trillion is hidden in tax havens, which results in governments worldwide losing billions in revenue. The signatories include the likes of Luxembourg, Lichtenstein, Austria and Switzerland all of which were once reported a safe haven for tax evaders.