UK PM outlines G8 agenda ahead of June summit
Tax and transparency in focus as UK assumes rotating presidency
By Gaurav Sharma | CFO UK | Published 10:15, 03 January 13
As the UK assumes the rotating presidency of G8 group of nations, Prime Minister David Cameron has outlined the agenda for next June’s summit which has a heavy emphasis on tax compliance and transparency.
According to Downing Street, in a letter to fellow heads of state of the seven other G8 nations – Canada, France, Germany, Italy, Japan, USA, Russia – Cameron wrote, “At the heart of my agenda for the Summit are three issues – advancing trade, ensuring tax compliance and promoting greater transparency.”
Wide ranging talks aimed at closing international tax loopholes and strengthening global tax standards are expected to take place. The summit will also attempt to improve transparency and accountability of aid spending.
Cameron also expressed hope that his G8 colleagues would join the UK in an attempt to "fire up economies and drive prosperity" given that the group accounted for around half of the world’s economic output.
To this effect, trade talks between the European Union and Canada, Japan and the USA were on the table. The G8 summit is scheduled to be held in Lough Erne in Northern Ireland.
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