Archivio tag: Global Economic

Monaco defends its tax haven status

Tax havens are widely blamed as one of the root causes of the global economic crisis.

At the annual G20 summit in April, world leaders promised to launch a crackdown on tax havens. But so far, little has changed and governments appear to be taking no responsibility.

Al Jazeera’s Hamish Macdonald begins his investigation in the European principality of Monaco.