PM talks Paradise Papers and tax avoidance with UK overseas territories

Theresa May discussed the Paradise Papers with the leaders of 10 British overseas territories at their annual gathering in Downing Street on Tuesday, with the prime minister urging further action to combat tax avoidance.

A cross-party group of 12 MPs wrote to the prime minister last week requesting she set a deadline for tax haven jurisdictions under British control to publish registers of the real owners of shell companies.

May raised the issue of public registers at the meeting, a government source confirmed, and said work on tax avoidance could help enhance reputations internationally. However, the prime minister has so far refused to endorse the measure, which was championed by her predecessor, David Cameron.

The annual joint ministerial council was attended by leaders from Bermuda and the British Virgin Islands, whose territories have been revealed in the Paradise Papers and elsewhere as major conduits for illicit offshore

... read more at: