G20 embraces crackdown on tax havens, shell companies

The world's leading economies on Friday embraced a new crackdown on tax havens and the use of shell companies to hide money, as the Panama Papers scandal claimed another victim. A draft communique from the G20 finance ministers meeting in Washington endorsed a plan that would rip away the shield of secrecy for companies and individuals stocking assets offshore behind anonymous companies, a dramatic move that could put a deep dent in tax evasion, money laundering and illicit finance. Making the b