GOOD BYE TRADITIONAL BANKING SECRECY, BITCOIN TO THE RESCUE
The New York Times, RT and many other top news outlets report that 51 nations on Wednesday signed what Germany’s finance minister hailed as a milestone in the fight against tax evasion – an agreement that commits them all to automatic exchange of tax information starting in 2017.
The two-day summit was organized by the Organization for Economic Cooperation and Development (OECD) and the Global Forum on Transparency and Exchange of Information for Tax Purposes.
With Britain, France, Germany, Italy and Spain leading the effort, other signatories included Singapore, Liechtenstein and Luxembourg, several British territories, like the Virgin Islands, the Cayman Islands and Gibraltar, as well as the Isle of Man, Guernsey and Jersey. It’s worth noting that several well-known ‘fiscal paradises’ are in the list.
This post was published at Crypto Coins News on October 31, 2014.