A highlight of mid-June 2013 was the agreement between the UK government and the governments of a number of British Overseas Territories and all three Crown Dependencies in relation to the G8 initiative on trade, tax and transparency. This agreement probably will further boost the flow of information from territories that already co-operate extensively with the G8 countries – and increase the costs to be borne by the territories’ financial services industries. More importantly, this is happening at a time when the volume of business being conducted by the territories’ financial services sectors is contracting, generally.End of preview - This article contains approximately 1833 words.
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