Chancellor seeking tax rules reform progress at this year's G8

Chancellor George Osborne wants to use Britain's presidency of the G8 summit this year to push international progress on the reform of international tax rules, which were first developed by the League of Nations in the mid-1920s and remain essentially unchanged.

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Osborne's tax avoidance pledge

Public outrage over corporate tax avoidance must be used as a "catalyst for change" in the UK and the developing world, Chancellor George Osborne said.