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VIDEO: G8 leaders agree deal on tax evasion

Leaders of the G8 major economies have agreed new measures to clamp down on money launderers, illegal tax evaders and corporate tax avoiders.

Leaders of the G8 major economies agree new measures to clamp down on money launderers, illegal tax evaders and corporate tax avoiders.

Governments worldwide should clamp down on tax evasion by automatically sharing tax information, a report to the G8 by the OECD says.

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The European Commission calls for greater information sharing by EU national governments in the fight against tax evasion.

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