TaxAdministrationUK seeks tax cooperation from developing world

UK seeks tax cooperation from developing world

Pressures mounts again on tax avoidance

Stephen Timms

The UK has asked developing countries to help crackdown on tax avoidance by
swapping more information.

The request comes ahead of a conference on financial crime today,
Reuters
reports
, and came from Treasury minister Stephen Timms.

Timms has written to 16 countries with the proposal among them Jamaica,
Cameroon, South Africa and Vietnam.

The UK has become increasingly aggressive on tax avoidance but the G20
meetings in the wake of the financial crisis brought a renewed focus on the
issue as part of measures to stabilise financial systems.

Timms is expecting replies by the end of March.

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