British territories sign tax deal with the UK

Bermuda and other British overseas territories with financial centres have agreed to share tax information with the UK, the Treasury announced.

The move, part of an international drive against tax evasion, follows similar recent deals with Jersey, Guernsey and the Isle of Man.

Under the agreement, the territories will pass on bank account details of Britons who may be trying to dodge taxes by hiding their money overseas.

It comes amid an international drive against tax evasion and the use of tax havens.

Chancellor George Osborne said...


» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.