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Chancellor welcomes huge step forward in global fight against tax evasion
Overseas Territories and Crown Dependencies announce commitments to tackle tax evasion and enhance transparency.
Chancellor of the Exchequer George Osborne has strongly welcomed news that all British Overseas Territories with significant financial centres have signed up to the government’s strategy on global tax transparency, marking a turning point in the fight against tax evasion and illicit finance.
Following the recent leadership shown by the Cayman Islands, the other Overseas Territories – Anguilla, Bermuda, the British Virgin Islands, Montserrat and the Turks and Caicos Islands – have agreed to much greater levels of transparency of accounts held in those jurisdictions.