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Posts by Niels Johannesen and Gabriel Zucman

About the Author:

Niels Johannesen and Gabriel Zucman are academics from the University of Copenhagen and the Paris School of Economics. Their paper, The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown, was published in January 2012.

New Report: The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown

May 7, 2012

In 2009, leaders of the world’s 20 most powerful nations gave the impression that offshore tax evasion would no longer be tolerated. The London G20 threatened tax havens with economic sanctions unless they agreed to exchange bank information. High-level international pressure forced commitments from all tax havens to cooperate. The G20 declared: “the era of bank secrecy is over.”