United Kingdom called the Overseas Territories "to get their house tax information sharing, before the Monday that Britain seems to the world's richest countries meeting to lead the global fight against tax evasion.
Britain are taking advantage of its leading economies, its annual summit held on 17-18 June, the Group of Eight (G8) Chairman of the Group to promote a global ban complex arrangements used to conceal wealth and reduce taxes.
Prime Minister David Cameron wrote to the leaders of Britain's maritime territorial and other autonomous regions, urging them to international agreements signed information exchange and enhance its transparency.
"With a month to go, which is their own house, to let the critical moment," Cameron said. "I respect your right to low-tax jurisdictions ...... However, lower taxes is the only sustainable if actually paid less."
Cayman Islands, the British Virgin Islands and other British Overseas Territories has become a major international financial center and low tax regime, light-touch regulation and limits of their own affairs, investment, information disclosure.
Large enterprises, the use of such jurisdictions, in order to help avoid double taxation of international trade, but critics say these areas to help companies avoid tax their profits, easy money-laundering and tax evasion part of rich personal.
Received the letter of 10 countries, the United Kingdom tax authorities to determine the complex tax arrangements of the month.
Cameron require all recipients of the letter to sign the Multilateral Convention on Mutual Assistance - by the European Commission and the Economic Cooperation and Development, in terms of taxation, is conducive to cooperation between countries organizational development agreement.
In addition, Cameron said the area needed for the production plan of action on how to improve their transparency about the ownership of assets and companies.
"Simply put, this means that we need to know who is the real ownership and control of each company," he said. "
These steps will enable the territory unattractive place to hide stolen assets or tax evasion, but is unlikely to affect the profits of an enterprise has angered British lawmakers and the public transfer, because this rarely involve hidden beneficial ownership the kind.
In early May, Anguilla, Bermuda, British Virgin Islands, Montserrat and the Turks and Caicos Islands, the Cayman Islands and Gibraltar agreed to provide details of bank accounts in the United Kingdom, France, Germany, Italy and Spain citizens held in the territory.
Received the letter of the territory of Bermuda, the British Virgin Islands, Cayman Islands, Gibraltar, Anguilla, Montserrat, Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man.
 
 



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