MPs seek British version of U.S. tax disclosure rules

LONDON (Reuters) - A cross-party committee of MPs has called on the government to introduce U.S.-style automatic disclosure of information on UK citizens by foreign institutions and tax authorities to help stem global cross-border tax evasion. In a report published on Thursday, the International Development Committee said that if tax authorities are required to share information on UK individual taxpayers or corporations, it would help stop international tax evasion. The proposed legislation takes as inspiration the new U.S. ...