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Daily Telegraph:
"Europe campaign against companies that dodge tax"
"Britain has joined forces with Germany and France to press for a speedy crackdown on systematic tax dodging by big business.
"... In a letter, the three finance ministers said 'tax shifting' was a 'growing problem'. It was 'important both for its potential impact on Government revenues and for the confidence of our citizens in the fairness of taxation of international companies'.
" 'International tax standards have had difficulty keeping up with changes in global business practices,' the letter added.
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The Observer:
"Treasury to crack down on UK's offshore tax havens"
"Radical plans to force the UK's tax havens to reveal the names behind hidden companies, account holders and trusts have been drawn up by the Treasury.
"The news has delighted tax justice campaigners, who predict that the move, which is expected to be unveiled in the chancellor's autumn statement and come into force in 2014, will have major consequences for those trying to hide their money offshore.
"A leaked document reveals that the UK plans to impose its own version of the US Foreign Account Tax Compliance Act (Fatca) on the crown dependencies of Jersey [Hammerson connection], Guernsey and the Isle of Man [Brent Cross Cricklewood connection], as well as its overseas territories, such as the Cayman Islands."
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