French put Swiss on foreign aid blacklist
AFP · 27 May 2013, 21:53
Published: 27 May 2013 21:53 GMT+02:00
- Swiss banks face huge US tax fines: report (22 May 13)
- French embassy rapped for online banking link (22 May 13)
- Swiss wait for EU tax evasion initiative (14 May 13)
The blacklist expands on an already-established register of eight "non-cooperative states and territories" that already included Botswana, Brunei, Nauru, Guatemala and the Philippines.
It adds Switzerland, Lebanon, Panama, Costa Rica, the United Arab Emirates, Dominica, Liberia, Trinidad and Tobago, and Vanuatu.
The officials justified the move by saying there was a lack of transparency in the nations on the list, adding that poor and developing countries were often the main victims of fraud.
"The aim is primarily preventive, to put pressure on these countries by publicizing this list to progress towards more transparency," they said.
It comes hot on the heels of a damaging scandal involving Jerome Cahuzac, a former budget minister who was once in charge of fighting tax evasion but admitted to having a secret, foreign bank account after months of denial.