Reuters - Video

EDITION: U.S. | U.K. | IN

Most Popular

UK PM promises tax crackdown at G8

Friday, Jun 14, 2013 - 02:11

June 14 - As security tightens in Northern Ireland ahead of Monday's G8 summit, Hayley Platt takes a look at the issues likely to be on the leaders' agenda.

▲ Hide Transcript

View Transcript

Security tightens in Enniskillen, Northern Ireland ahead of next weeks' G8 summit. The remote location was specifically chosen by the British government to deter potential trouble-makers. Twenty-six years ago it was the target of an IRA bomb attack which killed eleven people and injured dozens more. Police say they're not taking any chances. SOUNDBITE: Chief Superintendent Pauline Shields, saying (English): "The threat across Northern Ireland is classified as severe and that's what it was prior to G8 and the arrival of G8 hasn't changed that." British Prime Minister David Cameron says the G8 is an opportunity for Northern Ireland to shine. SOUNDBITE: British Prime Minister, David Cameron, saying (English): "That summit is an opportunity to show the world a Northern Ireland to the world that is open for business, investment and tourism." He's promised to put tax evasion and agressive avoidance at the heart of the meeting, estimated to cost governments around the world around $3 trillion dollars a year in lost revenue. It follows public outcry over revelations that companies like Starbucks have used clever tax planning and exploited loopholes to reduce their taxes. Simon Wagman is a partner at chartered accountants Blick Rothenberg. He says it's difficult to say whether the G8 summit will bring meaningful tax reform. SOUNDBITE: Simon Wagman, Blickrothenberg, saying (English): "Will the likes of Google and Amazon pay more tax in the UK? They may do, they may not do. But they certainly may pay more tax globally. And if it's an EU coffer, US, that's raising tax which can only be good. Obviously each government will have their own axe to grind as to whether it's coming to their coffers. So I'm sure there will be a lot of talk and things that come out of it because it's a hot topic but realistically who knows what's going to happen." It's an issue close to the heart of these protesters - who chose to demonstrate against capitalism in London's Canary Wharf - home to banks such as Barclays and JP Morgan. They're accusing governments of failing to take action against large companies dodging their tax responsibilities - and say ordinary people are paying for the financial crisis. The two-day G8 summit of world leaders gets underway on Monday.

UK PM promises tax crackdown at G8

Friday, Jun 14, 2013 - 02:11

Top News »

Money »

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)