Northern Ireland Breaking News: G8 Pledges Action on Tax Evasion, Few Concrete Measures

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Northern Ireland Breaking News: G8 Pledges Action on Tax Evasion, Few Concrete Measures

Northern Ireland Breaking News: G8 Pledges Action on Tax Evasion, Few Concrete Measures
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Northern Ireland Breaking News: G8 Pledges Action on Tax Evasion, Few Concrete Measures

by Wochit 1:24 mins

Northern Ireland Breaking News: G8 Pledges Action on Tax Evasion, Few Concrete Measures

by Wochit 1:24 mins

The world's rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in the way of specific new action at the end of a two-day summit. A group of Eight leaders signed up for a list of aims including improving the transparency of who owns shell companies and deepening information-sharing between tax authorities. Laden with foreign challenges, President Barack Obama is welcoming Iran's election results, taking the temperature of China's new leader and acknowledging that nations routinely spy on each other, all the while navigating difficult terrain with allies and Russia over Syria. For Obama, who would much rather be influencing domestic policy at this point in his second term, the issues currently defining his presidency center on his international relations and, by extension, how he deals with threats to U.S. security. A senior Russian diplomat said the G-8 summit's joint statement on ending the Syrian civil war will not mention whether Bashar Assad must step down from power as part of any peace settlement. Russian Deputy Foreign Minister Sergei Ryabkov told reporters the eight nations have agreed they should not specify any outcome from peace talks that all agree should start soon in Geneva.

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