Perhaps a response to being on the OECD’s draft blacklist of uncooperative tax havens? That is, after the Swiss got through whinging about being on the list in the first place.

None of these countries are quite prepared to rat on their own population, but foreigners should no longer count on the same discretion.

For its part the OECD doesn’t plan on changing the makeup of their naughty list prior to the G20, no matter what kind of pledges they receive – I’m looking at you, Monaco.

As the G20 meeting gets closer (early April) they’ll be plenty more pressure to go around and other traditional tax havens may also fall in line. But should they?

Some (ok, one guy from the Cato institute) says no.

– MDT