Progress On Tax Havens

France announced an intention to close down access to tax havens by French citizens.  Luxembourg announced that it would cooperate with foreign governments seeking information about secret bank accounts in their country on the same day.  Britain has also moved to make it more difficult to use small islands nearby as tax havens.  It is a bit embarrassed by the number of islands from its colonial empire that are used as tax havens.  The government claims that it has no authority over the BVI and the Cayman islands which are used extensively as tax havens.  All of the media attention on this subject may make it more difficult for the super-rich to avoid taxes.