[FoRK] Singapore Seeks Transparency

Eugen Leitl eugen at leitl.org
Tue Sep 15 11:38:21 PDT 2009


On Tue, Sep 15, 2009 at 11:55:59AM -0400, Bill Stoddard wrote:
> Why is this happening? And why now?

Massive pressure on all tax havens. You cannot have missed the
Liechtenstein debacle, then Switzerland caving in, and then a
few more smaller ones falling like dominoes. Tax revenues have
been tanking due to Greater Depression, so there's some frantic 
bottom of the barrel scraping going on. But it started a few 
years earlier already.
 
Of course, some poorer countries are too desperate to care, 
so the money will flow there.

It will be interesting to see what will happen when all major
gradients have been nivellated. No way safe of global police
state to enforce tax evasion.

-- 
Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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