Sunday, 22nd November 2009

 

17 August 2009 - Press Briefing

OECD trims ‘gray list’ of tax havens

The British Virgin Islands and the Cayman Islands were on Friday removed from the Organisation for Economic Cooperation and Development’s "gray list" of nations that hadn't enforced international norms for tax disclosure, according to a report in The Wall Street Journal.

The OECD said that six countries have now moved off its gray list since April, when the G-20 threatened to impose sanctions.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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