We are at a crossroads. Each country has lost its autonomy in taxation when it comes to taxing multinationals. But in fact, countries are not ready to let go of their financial autonomy, which could be the result of any global discussion on taxing tax havens. So we are at a kind of impasse; we know something has to be done at international level, but we are not yet quite ready to do it. What the OECD is doing is very good. Information is being exchanged and that is a good start. It can be improved, in my opinion, and, for the reasons I mentioned earlier, the system must be improved. Basically, having countries agree to tackle this global problem is a first step.
On February 1st, 2011. See this statement in context.