cameron makes tax avoidance top priority

Added 2nd January 2013

UK Prime Minister David Cameron has called on the leaders of the G8 group of the world’s wealthiest nations to take “bold steps” this year to drive growth in a time of “grave economic uncertainty”.

cameron makes tax avoidance top priority

Cameron made the comments in an open letter to the other seven leaders of the G8 as he takes over the year long presidency of the G8 for 2013.

During its year of leadership, the UK said it will push for action in three key areas: trade deals, including a potential European Union – US trade agreement, measures to tackle tax evasion and working with developing countries to fight corruption.

Looking forward to June, when the UK will host the main G8 Summit for the first time since 2005, at the Lough Erne hotel and golf resort in Co Fermanagh, Northern Ireland, Cameron said he wanted to “galvanise collective international action” on tax avoidance.

He wrote: “We can lead the way in sharing information to tackle abuses of the system, including in developing countries, so that governments can collect taxes due to them.

“We can work together to sign more countries up to international standards. And we can examine the case for strengthening those standards themselves.”

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

International Adviser is aimed at global intermediaries who advise their HNW clients on International fund, life and banking products and tax efficient solutions to their cross-border needs

To subscribe to International Adviser's news bulletins and apply for a magazine subscription click below

Editor's Pick

Review urged to curb ‘unreasonable’ regulatory costs
Review urged to curb...

An urgent review is needed to avoid “unreasonable”...

ILAS sales plummet in Q1 after indemnity commission ban
ILAS sales plummet in...

The number of investment-linked assurance schemes sold...

What the future holds for the new retirement landscape
What the future holds...

We have now emerged into the brave new world of pension...

Sponsored Content


Other Stories From