Private regulatory approaches and international tax policy

The 2003 G8 summit was hosted by France in Evian-les-Bains, a spa town on the southern shores of Lake Geneva. Evian had the advantage of displacing most of the security risks on to Switzerland, as the nearest airport capable of receiving the jets of the leaders and their entourages was Geneva, across the lake. French security dealt readily with the risk of protests from anti-globalisation activists, who were seemingly more prevalent at the turn of the millennium than now, but were simply displaced to Switzerland, where they did considerable damage to banks and other businesses in Geneva and as far away as Vevey, where the Nestle headquarters are located.