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Osborne urged to improve tax transparency in dependent territories

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Chancellor and PM warned by Save the Children to introduce greater transparency prior to G8

David Cameron and George Osborne were warned on Sunday they are in danger of losing credibility on their central agenda for their G8 chairmanship this year if they do not unilaterally introduce greater tax transparency in British dependent territories such as the British Virgin Islands.

In a letter to Osborne on Sunday, the leading aid charity Save the Children told the chancellor he has the powers to impose tax transparency on the British Virgin Islands.

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