Monaco defends its tax haven status - 21 Jun 09

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Uploaded by on Jun 23, 2009

Tax havens are widely blamed as one of the root causes of the global economic crisis.

At the annual G20 summit in April, world leaders promised to launch a crackdown on tax havens. But so far, little appears to have changed.

Al Jazeera's Hamish Macdonald begins his investigation in the European principality of Monaco.

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