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 'Tax havens' "agree" to clampdown on tax avoidance and "evasion"

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RR Phantom

RR Phantom

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'Tax havens' "agree" to clampdown on tax avoidance and "evasion" Vide
PostSubject: 'Tax havens' "agree" to clampdown on tax avoidance and "evasion"   'Tax havens' "agree" to clampdown on tax avoidance and "evasion" Icon_minitimeSat Jun 15, 2013 8:32 pm

The prime minister has hailed an agreement by the UK's Overseas Territories and Crown dependencies to sign up to a tax evasion clampdown.

'Tax havens' "agree" to clampdown on tax avoidance and "evasion" _68194366_68194365

David Cameron said it was a "very positive step forward" ahead of the G8 meeting, which starts on Monday.

But sources from the Crown Dependencies told the BBC a proposed register of companies, revealing the true owners, may not work.

They say it does not include trusts and the UK business community may object.

Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man were all represented at a meeting at No 10 on Saturday.

Many regard the islands and outposts as tax havens, although that is a label they strongly dispute.

http://www.bbc.co.uk/news/uk-politics-22915954
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