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G8 vow to tackle tax avoidance

An agreement has been reached by world leaders at the G8 summit on tackling money-laundering and "shell companies" which are used to evade tax, the Government has announced

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David Cameron signs Lough Erne tax declaration

David Cameron pictured signing the Lough Erne agreement.

David Cameron has signed the Lough Erne declaration, which, according to the government, "focuses on private enterprise, which drives growth, reduces poverty, and creates jobs and prosperity for people around the world."

The G8 countries aimed to reduce corporate tax evasion and the document says member countries must work on closing tax loopholes.

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