Tax Havens Go On Probation

August 2009

In the August 2009 issue of the bilingual law review, International Business Law Journal/Revue de Droit des Affaires Internationales, Pierre-Antoine Bachellerie, Nicolas de Boynes and Nicolas Message published an article titled, “Tax Havens Go On Probation,” (“Les Paradis fiscaux au purgatoire”). The article discussed recent changes in the practices of offshore financial centers, prompted by the G20 meeting in April 2009, which have led to a greater exchange of information on international tax matters. The article focused on the OECD action against tax havens, tax cooperation within the European Union and measures to fight against tax havens implemented by European member states such as France.