Finance ministers to step up tax evasion crackdown

Ministers, including Germany's Peer Steinbrueck and France's Christine Lagarde, are expected to discuss the importance of maintaining pressure on those jurisdictions yet to comply to OECD standards of transparency and information sharing, The FT reports. Although every offshore jurisdiction has endorsed the OECD standards, there are concerns over when and whether it will be implemented by some territories, such as Panama. They are also expected to discuss the emergence of new offshore centres, including Ghana. Organised by the French and German finance ministries, which have spearheaded...