PRESS RELEASE FROM No.10 ON WHAT CAMERON WILL SAY TO CROWN DEPENECIES. Tax - getting our own house in order Prior to the conference, the Prime Minister will meet leaders from the Overseas Territories and Crown Dependencies in Downing Street to discuss what they will do to tackle tax evasion and aggressive tax avoidance. In the Cabinet Room, the Prime Minister will tell leaders from Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Anguilla, Montserrat, Turks & Caicos Islands, Jersey, Guernsey, Isle of Man that they need to play their part in ensuring that the UK gets its own house in order. The Prime Minister will welcome the commitments made so far - joining our pilot on automatic information exchange and drawing up action plans that will require companies to have adequate and accurate information on who owns them and who controls them. But he will argue that there is no point in dealing with tax evasion in one country if the problem is simply displaced to another and he will therefore ask them to go further by joining the existing Multilateral Convention on Mutual Assistance in Tax Matters. He will stress that lower taxes are only sustainable if what is owed is actually paid – and if the rules to achieve this are set and enforced fairly to create a level playing field right across the world. The meeting comes as the Prime Minister prepares to hold a working session on tax on the second day of the G8 summit, with the aim of securing explicit commitments from all eight leaders on concrete action to clamp down on tax evasion and tackle aggressive avoidance. No.PRESS RELEASE : https://gov.uk/government/news/pm-issues-call-for-action-on-g8-priorities
Posted on: Sat, 15 Jun 2013 10:06:47 +0000
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