Osborne: Currency shouldn't be tool of economic warfare

George Osborne said today that international businesses located in the UK should pay British taxes.

The Chancellor, who was speaking at a G20 meeting in Moscow, also said that currencies should not be used as "as tools of competitive devaluation or economic warfare."

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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.