The UK Prime Minister, David Cameron has convened a meeting with ministers from overseas territories (Bermuda, Jersey, Guernsey, the Isle of Man, Gibraltar, the Cayman Islands, Montserrat, the Turks and Caicos Islands, Anguilla and the British Virgin Islands) in London it has been announced.
A massive data leak from Panama-based law firm Mossack Fonseca showed it registered more than 100,000 secret firms to the British Virgin Islands, reports The BBC.
Labour Party leader Jeremy Corbyn said the government needed to “stop pussyfooting around” on tax dodging.
Downing Street said the UK was “ahead of the pack” on tax transparency.
OTTAWA — Canada’s efforts to combat international tax evasion will be in the spotlight when Prime Minister Stephen Harper joins other world leaders next week at the G8 summit in Northern Ireland, with tax watchdogs worried Canada is already balking at some major reforms.
British Prime Minister David Cameron, the summit host, has made tax compliance and combating tax evasion one of the three main themes of the G8 talks on June 17-18, as critics argue Canada lags behind its counterparts in fighting a mounting global problem.