Alvaro Garcia

Islands resent crackdown of tax havens by G-20

Thriving offshore finance centers worry as G-20 tries to close down trillion-dollar shell game. More than 400,000 companies share a few local addresses in this tiny Caribbean financial center, where their incorporation papers are kept in a gray two-story building.
 

Countries snap back at OECD tax list

Countries faulted by the OECD for their tax reporting standards snapped back Friday, with some disputing their designation and others vowing to clear their names.
 

Uruguay off tax haven 'black list': OECD

Uruguay has been taken off the OECD blacklist of tax havens that had not agreed to respect international standards, after assurances from the country's finance minister, the organisation said Friday.