Tax havens: French banks will close branches and subsidiaries in 2010

The French banks closed in March 2010 its subsidiaries and branches in countries regarded as tax havens and included in the "gray" the OECD said the skipper of one of these establishments, François Pearl, following a meeting with President the Republic Nicolas Sarkozy.
"The French banks took the decision to start closing their branches and subsidiaries in tax havens which remain on the list called 'gray' OECD in March 2010," said the group pattern Banque Populaire, Caisse d'Epargne (BPCE), François Perot.
"From that date, we have begun the end of our operations through subsidiaries and branches in these tax havens," said Pearl.
"It's a decision that was adopted by all French banks and shows that, from that standpoint, things change and change fast," he said.
On Monday the French bank BNB Paribas announced that by 2010 close its subsidiaries and branches in Panama and the Bahamas, two tax havens listed in the "gray list" of the Organization for Economic Cooperation and Development (OECD) .
Last week, the summit of industrialized and emerging countries of the G20 meeting in Pittsburgh (USA) reiterated his desire to put an end to tax havens.