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June
9, 2000 VOL. 29 NO. 22 | SEARCH ASIAWEEK
Monitor
Where
to Stash Those Illicit Billions
The Group of Seven industrialized nations released a study of the world's
tax havens. Hong Kong, Luxembourg, Singapore and Switzerland came out on
top. They were judged to have a good legal framework and level of supervision,
as well as a solid record of cooperation with other authorities when it
comes to tracking the movement of money. Where do you go if you don't want
your cash tracked? The G7's Financial Stability Forum cited these countries,
right, as being in Group III. They are, the FSF says, "largely of a lower
quality" than those in groups I or II.
Source:
Group of Seven Financial Stability Forum
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