Bermuda and the Cayman Islands and other tax havens will work more closely with the United Kingdom and other European countries to combat tax evasion, British Chancellor of the Exchequer George Osborne (George Osborne) said on Thursday.
Governments in most developed economies the short tax after the financial crisis, pressure has been growing small territory with a large banking sector lifting bank secrecy and combat tax evasion and money laundering.
The United States has been in a long dispute with the Swiss, whose bank secrecy rules, the EU has also opened two smaller members, the pressure of Austria and Luxembourg.
Austria, in turn, accused the United Kingdom and the United States to shield their own tax havens.
British overseas territories, such as Bermuda, the Cayman Islands and the British Virgin Islands - effective self - government ownership of the colony - to automatically provide details of bank accounts, the UK Treasury said that information about how they are used.
"This is a significant step forward to combat illegal financing, and set the global standard in the fight against tax evasion," Osborne said.
By the United Kingdom, Germany, France, Italy and Spain, in June last year agreed to work together to combat tax evasion, this information will be shared.
Isle of Man also will be processed, but the other two major offshore financial center, Jersey and Guernsey, has not agreed to the sharing of information with other countries outside the UK.
Other areas affected by the transaction, the Caribbean, Anguilla, Montserrat and the Turks and Caicos Islands.
The United Kingdom to combat tax evasion presided over the priority of the Group of Eight developed economies this year, and in two weeks will organize a meeting of EU finance ministers.
However, the British also facing its own problems, in some of the company's compliance with tax laws.
Reuters survey released on Wednesday stressed that depicts its activities in the United Kingdom are inconsistent, prompting lawmakers to company executives and auditors to appear in front of them in the way of Google.
 



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