Financial Times FT.com

Ministers facing call to act on tax havens

By Michael Peel

Published: October 29 2009 22:39 | Last updated: October 29 2009 22:39

Ministers were facing calls last night to force improvements in the governance and openness of British-linked tax havens after officially commissioned research found a wide range of standards across nine centres in Europe and the Atlantic.

A sister report also published yesterday said that British companies avoided up to £2bn of taxes each year through offshore jurisdictions and other means, a much lower number than some previous estimates.

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