Even if it were programmed of long time, the dedicated meeting with the fight against the tax shelters, were organized today in Bercy under the aegis of the French Minister for the Budget, Eric Woerth, and of the German Minister for Finances, Peer Steinbrück, takes a very particular turning in these times of international financial crisis. Can the banks which are reinflated today by the public authorities legitimately continue to be active in sanctuaries whose goodwills is often the incentive with tax avoidance? Not, clearly answered, last Wednesday, Nicolas Sarkozy, shortly after that its Prime Minister, Francois Fillon, declared the war in these centers offshore oil rig: “These black holes should not exist any more. Their disappearance must be a prelude to with a recasting of the international financial system. ”
Participants in the meeting, a score of country, but neither the United States, monopolized by their electoral campaign, nor Switzerland or Luxembourg, generally presented as tax shelters even if they endeavour to gum this image, should sign a Joint Declaration presenting their strategy to fight against these legal and tax sanctuaries.
Quasi null imposition
Not only the States want to fight against the tax evasion which drains their resources and whose amount is estimated at 100 billion dollars per annum in the only United States, but they show from now on the tax shelters to feed the speculative bubbles, real or stock exchange, whose explosion caused the current world-wide crisis. Indeed, the “hedge funds” domiciled in centers offshore oil rig in order to benefit from a quasi null imposition on the appreciations.
Are they for as much responsible for all the evils of which one suspects them? If an operator anticipates a rise, or a fall of the course of an action, of an interest rate, price of a raw material, or plays of a strong action leverage, it will act consequently, whether it is in New York or in the Cayman Islands.
But “one cannot solve the financial crisis by introducing more regulation and leave in same time to thrive of the pockets of not-regulation, estimates Pascal Saint-Mercies, person in charge of the fight against the tax shelters with the economic Cooperation organization and of development (OECD). One cannot build a healthy financial system if the pockets of opacity are not reabsorbed, because all the toxic products would concentrate there”.

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