UK territories commit to tackle tax evasion

The agreement now signed by Anguilla, Bermuda, the British Virgin Islands, Montserrat and the Turks and Caicos Islands pledging much greater levels of transparency of accounts held in their jurisdictions, follows the lead taken by the Cayman Islands. While Gibraltar already operates the relevant transparency directives as part of the EU, it, too, has made the same commitments as a British Overseas Territory. This agreement means all Territories will pilot the automatic exchange of information bilaterally with the UK and multilaterally with the G5 - the UK, France, Germany, Italy and Spai...