As part of the G20 communiqué, member states pronounced their readiness to ‘deploy sanctions to protect' their financial systems. The US and UK, among other countries, are taking action to maintain pressure on so-called ‘tax havens'. From this page you will find information on the measures both countries are adopting, such as the US's Stop Tax Haven Abuse Act and Gordon Brown's letters to the Crown Dependencies and Overseas Territories. We have also included a small section on the actions other jurisdictions are taking to against tax havens.
We are keeping a close eye on developments in this area. For further information please contact one of the team listed below.