Financial Times FT.com

France and Germany to step up drive against evasion

By Hugh Williamson in Berlin and Ben Hall in Paris

Published: May 8 2008 03:00 | Last updated: May 8 2008 03:00

France and Germany want G7 finance ministers to mandate the Organisation for Economic Co-operation and Development to revisit its blacklist of tax havens, in an effort to step up the momentum against tax evasion in the wake of Germany's big Liechtenstein tax investigation this year.

The initiative, to be discussed at the G7 meeting in Osaka, Japan, on June 13, could result in reinstating laggard countries on to the list of "uncooperative tax havens" run by the OECD, the body co-ordinating global action against such financial centres, a French official said.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this