Tax and Secrecy – History

Attacks on the Offshore financial sector have tended to be unsophisticated, ill-informed and largely successful. The main bodies used in this disciplining mechanism have been the OECD, EU and U.S. The EU has made lots of noise but has achieved little, due to multiple causes. The OECD has framed the discussion in a specific way. The U.S. achieved the most but has largely taken Offshore practises Onshore.