Source:
The GuardianUS and Gibraltar agree to share tax information• Tim Geithner signs deal to help US enforce tax laws
• G20 expected to crack down on tax avoidance
The clampdown on tax havens around the world gathered pace today when the US government and Gibraltar announced an agreement to exchange information on tax matters.
The deal is the first of its kind for Gibraltar, and will give the US access to information it needs to enforce its tax laws – including potential civil and criminal matters.
The agreement was signed by US treasury secretary Tim Geithner and Gibraltar chief minister Peter Caruana in London ahead of tomorrow's G20 summit, where world leaders are expected to pledge a crackdown on tax avoidance.
Read more:
http://www.guardian.co.uk/world/2009/apr/01/gibraltar-united-states-tax-agreement-tim-geithner-g20
I'll be great to see these tax shelter go away