U.K. Steps Up Tax Crackdown With Caribbean Accord
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The U.K. signed agreements with territories including Anguilla, Bermuda and the British Virgin Islands in the latest effort to fight tax evasion as the government struggles to contain its borrowing.
All the British overseas territories with financial centers signed up to the government’s effort, “marking a turning point in the fight against tax evasion and illicit finance,” the Treasury said in a statement in London today.