Osborne signs tax evasion deal

Chancellor George Osborne has signed a deal with France, Germany, Italy and Spain to share information about offshore accounts to crack down on tax evasion. The new deal will see the five nations automatically share tax information with each other. Osborne said: “For those evading their responsibilities and hiding their money offshore the message is clear; time is running out. If you have something to disclose, come to us before we come to you.”