British PM warns overseas territories on tax
Published:Monday | May 20, 2013 | 8:32 AM
UK Prime Minister David Cameron has urged British overseas territories to get their house in order and sign up to international treaties on tax.
He wrote to 10 territories and crown dependencies, including The Cayman Islands and the Isle of Man, which operate low-tax regimes.
Critics claim such places are used by companies for tax evasion.
The plea came ahead of a G8 summit in June, when the UK is expected to push for tighter tax measures.
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