Offshore tax evasion crackdown 'backed by 20 countries' including Ireland

A British-led bid to crack down on offshore tax evasion has been backed by 20 countries and territories, the UK’s Chancellor George Osborne has said.

The initiative to automatically share information on the real owners of companies set up with Germany, France, Spain and Italy, has been joined by Sweden, Gibraltar, Isle of Man, and Montserrat, as well as Ireland.