• The post you are reporting:
   
  George Osborne urges EU finance ministers to sign tax directive
  
  Osborne says EU savings directive is an essential precondition of developing worldwide exchange
  
  of tax information
  
  George Osborne's letter says: 'Unless Europe can show it can agree on this existing proposal,
  
  our commitment to a new, stronger standard will not be credible.'
  
  George Osborne will step up his campaign to toughen developed countries' stance on tax havens
  
  and company tax transparency by urging his fellow EU finance ministers to sign the delayed
  
  savings directive as a first step to creating a global standard on tax information.
  
  In a letter to his fellow finance ministers Osborne says the EU savings directive is an essential
  
  precondition of developing worldwide exchange of tax information. Britain, as part of its G8
  
  chairmanship, is campaigning for automatic exchange of tax information between countries
  
  encompassing developed and developing countries.

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