Offshore centres sign tax evasion deals

Agreements being signed by several offshore financial centres with close links to the UK, could see tax evaders exposed. According to the Financial Times, financial centres are attempting to alienate themselves from those less reputable jurisdictions, as international pressure on countries providing tax havens for offshore accounts rises. Jersey signed tax information exchange agreements on Tuesday with seven Nordic countries and is in the last stages of negotiating with the UK. Deals have already been made with the US, Netherlands and Germany. The UK signed a similar agreement with the Isle of Man last month. Last week, a conference held in Paris highlighted that Germany wanted a blacklist for tax evaders following the row with Switzerland over Liechtenstein, when the German government was investigating whether hundreds of Germans were evading tax payments.
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