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Cameron urges EU over tax rules

David Cameron will seek full EU backing for global action to counter tax evasion. The Prime Minister will be speaking at an EU summit after problems within the Conservative party over an EU referendum.

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Cameron seeking global action to counter tax evasion

David Cameron will seek full EU backing for global action to counter tax evasion at a summit today.The Prime Minister wants the summit in Brussels to bolster the plan ahead of a G8 gathering he is hosting in Northern Ireland in June.

David Cameron will seek full EU backing for global action to counter tax evasion at a summit today. Credit: Stefan Rousseau/PA Wire

In a letter to fellow EU leaders Mr Cameron urged European governments to act against "staggering" losses from tax evasion and "aggressive avoidance" by adopting a US system of cross-border tax information exchange.

The UK, Germany, France, Spain and Italy are jointly testing a scheme and intend to implement it by the end of this year.

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