G7 agree to target tax evasion and avoidance

 

The G7 group of industrialised nations have agreed that there must be collective action against tax evasion and avoidance, the UK's finance minister has said.

Chancellor George Osborne said after the talks that it was "incredibly important" that firms and individuals paid the tax they owed.

The members agreed on more policy issues than had been assumed, he added.

The G7 comprises the US, Germany, the UK, Japan, Italy, France and Canada.

In a news conference held jointly with Bank of England governor Sir Mervyn King, Mr Osborne said the finance ministers and central bank governors of the G7, meeting in Aylesbury, Buckinghamshire, had also agreed no bank should be "too big to fail".

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but only targeting the Tax havens where they don't have their money squirreled away

same team - but different players

so no real chance of this lot not stuffing up the recovery

and really wish they would stop having there photos taken as though they have just won the FA cup or the National series

wonder who picked up the bar tab ?

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