“Leaders of the G8 major economies have agreed new measures to clamp down on money launderers, illegal tax evaders and corporate tax avoiders. They include requiring that shell companies – often used to exploit tax loopholes and invest money anonymously – identify their effective owners. Governments also agreed to give each other automatic access to information on their residents’ tax affairs.”

http://isaacbrocksociety.ca/2013/06/18/fatca-reciprocity-will-now-target-delaware-is-that-what-g8-communique-means/

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