David Cameron urges EU crackdown on tax evasion An EU summit on tax evasion next month will be followed by a G8 summit under British chairmanship in June, "a timely opportunity," Mr Cameron argues for, "the political will required to raise international efforts to a new level and take radical, rather than incremental, action." "I hope we can give the strongest possible message of support from Europe for the rapid adoption of multilateral automatic information exchange as a new global standard, and encourage other jurisdictions to publicly commit to joining a multilateral system at the earliest opportunity," he wrote. Britain is also urging measures to "break through the walls of corporate secrecy" as part of a new international system to close tax loopholes. "Competitive national tax systems go hand in hand with individuals and corporates paying the taxes they owe," Mr Cameron wrote. The majority of them do so, and make a valuable contribution to society and to the funding of our public services. But some are choosing to shift their profits artificially to ultra-low tax jurisdictions, distorting competition. Mr Cameron also promised that British offshore financial centres would be brought into line after claims by Austria that the Channel Islands Gibraltar, the Cayman Islands, Virgin Islands are a haven for money laundering. "We are also in advanced discussions with our Overseas Territories to do the same, and continue to work closely with them and the Crown Dependencies on further concrete steps they can now take to demonstrate their steadfast political and practical commitment to tackling tax evasion," he wrote.