Crown dependencies re-affirm commitment to global standards on tax

In a letter issued ahead of next month's G8 summit which will be hosted by the UK, the Prime Minister says he respects the right of jurisdictions to have lower tax, but this is only sustainable if tax owed is actually paid. In terms of rules to enforce payment the UK is seeking ‘a level playing field right across the world', with the goal of a global standard in tax transparency.   Mr Cameron also calls for improvement in the quality and accuracy of information exchanged between countries, to identify the beneficial ownership of companies. Chief Minister Allan Bell MHK supported Mr Ca...