World failed to eliminate tax havens post 2008 financial crisis: Spanish PM Pedro Sanchez

Davos: The world failed to eliminate tax havens as it set its sights lower after the danger of the 2008 financial crisis had passed, Spanish Prime Minister Pedro Sanchez said on Wednesday. In a special address at the World Economic Forum (WEF) Annual Meeting here, he warned that the world is in danger of forgetting the lessons that were learnt from the financial crisis of 2008. “Once the danger had passed, we set our sights lower,” he said, citing the failure to eliminate tax havens as an example. Sanchez became Spain’s prime minister in June 2018. Meanwhile, Spain is set to topple Japan from its top spot in the longest life expectancy charts. By 2040, Spaniards can expect to live to an average age of 85.8 years, with many people attributing this to a healthy diet rich in fish and olive oil.     To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day. To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.