Pandora's Box - The Statesman

Pandora's Box - The Statesman

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The biggest stumbling block to booking the persons involved in money laundering and large-scale tax evasion is the tedious procedure for exchange of information. Tax havens are understandably reluctant to share information but no country in the world is willing to part with information that has the potential of harming its citizens, so, procedural reasons are routinely cited to deny the request for information from foreign jurisdictions.
The biggest stumbling block to booking the persons involved in money laundering and large-scale tax evasion is the tedious procedure for exchange of information. Tax havens are understandably reluctant to share information but no country in the world is willing to part with information that has the potential of harming its citizens, so, procedural reasons are routinely cited to deny the request for information from foreign jurisdictions.

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