PACIFIC: Tax havens' status under scrutiny
Updated
A tiny constitutional monarchy in Europe has tax experts around the world scrambling to examine revenue systems, after a major tax evasion scam was uncovered last week. The German secret service obtained details of financial transactions of up to a thousand business people, who are alleged to have evaded taxes using bank transactions in Lichtenstein, a well-known tax haven. The scandal has also raised concerns over Pacific states, many of which also enjoy tax free benefits.
Presenter: Megan Flamer
Speakers: John Taggart, senior lecturer in Tax law at University of Technology in Sydney; Lorraine Allan, Financial Supervisory Commissioner for Cook Islands
