G8 summit: Tax takes centre stage

Kashflow logo
3

Tax avoidance, evasion and international transparency were the central topics at this week's G8 summit in Fermanagh, Northern Ireland - but it was a case of talk and not much action as the Prime Minister failed to persuade colleagues to make any binding decisions . 

Cameron outlined plans for a global strategy to combat tax evasion in a communique, including governments sharing tax information between countries. 

Also included in the Lough Erne Declaration were plans for a UK register of beneficial ownership, which could be available to the public. 

The register would require owners of offshore shell companies, including subsidiaries, to identify their effective owners by registering them with Companies House. 

In a press conference, the Prime Minister said that tackling tax evasion and "abusive" avoidance is top of the UK's agenda. 

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk 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.

Robert Lovell
Managing Editor
AccountingWEB.co.uk
Share this content

Replies

Please login or register to join the discussion.

avatar
17th Jun 2013 13:45

Exciting Times

We've been looking forward to this moment for a while. A chance for the government to deliver a strategy on how they intend to deal with the current evasion of tax by the big corporates. Watch this space . . .  

 

www.aims.co.uk 

 

 

Thanks (0)
avatar
By pembo
17th Jun 2013 16:18

wonder

when you have an absolute humanitarian catastrophy going on in Syria whether guys like Eric Schmidt et al feel any sense of shame that this topic has to exercise the minds of our leaders so much....but then again of course they all pay their precise legal dues don't they so thats all right....don't hold your breath Henry...

Thanks (0)
avatar
By Old Greying Accountant
18th Jun 2013 21:47

All I heard ...

... was Cameron wittering on about international co-operation and information exchange to ensure companies don't EVADE tax - no quite the same thing as Google, Starbucks et al!

Thanks (0)