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Germany's Schaeuble urges global push to fight tax cheats

German Finance Minister Wolfgang Schaeuble, pictured on March 23, 2016, has drafted a 10-point plan to clamp down on tax havensGerman Finance Minister Wolfgang Schaeuble on Sunday pleaded for countries to work together in the fight against tax cheats and money launderers by sharing national lists naming the beneficiaries of shell companies. The proposal is part of a 10-point plan by Schaeuble, detailed in the Handelsblatt and Die Welt newspapers, to clamp down on tax havens in the wake of the “Panama Papers” scandal which revealed how offshore companies are used to hide wealth. “The registers should be drawn up at the national level and linked up,” Schaeuble told ARD television.

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