According to the Financial Times, Harper is resisting, partly on the grounds of tax confidentiality, plans to require the disclosure of the ultimate owner of shell companies.
Cameron wants the G8 to give political backing of the G8 to new global standards on corporate tax, including the automatic exchange of tax information and some kind of ownership register for shell companies.
However, Cameron’s position was weakened earlier this week when Craig Cannonier, Premier of Bermuda, one of the UK’s Crown Dependencies, reportedly said the territory would not sign up to an agreement being pushed by Cameron.
He is reported to have said the “ideas on the table were not acceptable”.
