| Updated:
US closes in on tax evaders
In a step toward reining in offshore tax evasion, the US Treasury Department yesterday said it was close to finalising tax information-sharing pacts with countries ranging from Canada to islands such as Guernsey and the Isle of Man. Treasury listed 47 jurisdictions, from India to Sint Maarten, that are in various negotiation stages on agreements governing how their local financial businesses can meet the US laws.