UK overseas territories agree to tax evasion action

David Cameron hosts a pre-G8 meeting with Overseas Territories and Crown Dependencies leaders. Picture: PA
David Cameron hosts a pre-G8 meeting with Overseas Territories and Crown Dependencies leaders. Picture: PA
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DAVID Cameron today secured agreement from Britain’s network of overseas territories and Crown dependencies to sign up to a new clampdown on tax evasion.

At talks at Downing Street ahead of next week’s G8 summit at Lough Erne, the leaders all agreed to a series of actions aimed at promoting transparency and exchange of information between tax jurisdictions.

The Prime Minister hailed the agreement as a “very positive step forward” which would strengthen his hand in talks with the other G8 leaders in which he has made improving international tax compliance a key issue.

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