The British Prime Minister David Cameron has secured the agreement of ten of Britain’s overseas territories to make their tax system more transparent. He announced the deal in London after meeting the leaders of territories including Bermuda and Jersey which are widely viewed as tax heavens.
“At the G8 I’m gonna push for international agreements to fight the scourge of tax evasion and aggressive tax avoidance. That means automatic exchange of information between our tax authorities so those who want to evade taxes have nowhere to hide. It means getting companies to report tax to tax authorities where they earn their profits and where they pay their tax. It also means transparency about who owns which companies and who benefits from it.”
Riot police in Brazil have clashed with protesters outside the main football stadium in the capital Brasilia hours before the start of an international tournament. Police used teargas and rubber bullets to disperse hundreds of people protesting against the expense of sporting events including next year’s World Cup. It’s the latest in a wave of protest against rising living costs in Brazil.
BBC News
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[00:00.10]BBC News with Sue Montgomery.
[00:04.01]The moderate cleric Hassan Rouhani has described his win in Iran’s presidential election as a victory of wisdom over extremism.