Brown vows tax-haven crackdown
Says tighter regulation needed
Prime Minister Gordon Brown has said he is keen to introduce tighter
restrictions on the use of tax-havens by multi-national companies after meeting
with EU heads of state.
‘We want the whole of the world to take action. That will mean action against
regulatory and tax havens in parts of the world which have escaped the
regulatory attention they need. The changes we make will have to apply to all
jurisdictions around the world,” Brown has said.
Tax havens are popular among multi-nationals as they seek to circumvent
administrative costs and red-tape associated with paying tax in developed
countries.
Brown has promised to raise the matter with other world leaders during the
G20 summit in London in April.