On Sunday, Google's executive chairman Eric Schmidt defended his company, saying it had "always aspired to do the right thing", but added that "international taxlaw could almost certainly benefit from reform".
"These novel and unilateral theories of tax jurisdiction are both unprecedented and inconsistent with existing norms of internationaltaxlaw and long-standing treaty commitments, " the groups argue in a letter to Algirdas Semeta, the EU tax commissioner.
Two years ago Monaco passed a new anti-money-laundering law with some teeth, committing to international standards of transparency and tax-information exchanges with over 20 states.