“No more tax havens!” was the declaration made in September 2009 by Nicolas Sarkozy, at the time President of the French Republic. Specialists on the issue were largely skeptical, because the concrete measures proposed were somewhat weak. More than five years on and the issue has changed considerably, with a notable acceleration over the past few months in a two-pronged movement towards concerted initiatives by industrialized countries (G20, OECD, the European Commission etc.) on one hand and startling revelations by whistleblowers on the other.
