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    A scheme designed to net trillions from global tax havens is being scuppered.
    Switzerland and other offshore specialists are doing their best to frustrate international transparency in taxation.

    "The world is seeing the first stirrings of an emerging new architecture of global transparency in taxation which could, if pushed forwards, help governments for the first time raise serious revenues from the estimated $21-32 trillion sitting offshore. Switzerland, in alliance with the tax havens of Luxembourg, Austria and Britain, is leading the charge to derail it."

    http://www.guardian.co.uk/commentisfree/2012/nov/22/scheme-trillions-tax-havens-scuppered

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