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Lough Erne, Northern Ireland: Cameron said the deal has the 'potential' to end bank secrecy (Photo: President of the European Council)

G8 tax deal falls short of expectations

The G8 summit in Northern Ireland concluded with mixed results, as leaders pledged to clamp down on tax dodgers and to improve corporate transparency but did not agree to put in place binding rules.

A G8 communique on Tuesday (18 June) said nations in the club back the idea of automatic exchange of tax information between each other.

But it did not say information-sharing should be open to developing countries.

Despite the exclusion, UK Prime Minister David Cameron, who chai...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Lough Erne, Northern Ireland: Cameron said the deal has the 'potential' to end bank secrecy (Photo: President of the European Council)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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