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Draft document reveals G8 will avoid ‘naming and shaming’ corporate tax avoiders

By Tom Bergin LONDON (Reuters) – The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement. British Prime Minister David Cameron,…

Ernst & Young reaches deal with U.S. regulators to pay $123 million over tax avoidance scandal

E&Y’s deal with a US district attorney ensures the firm will not face prosecution and brings a long-drawn tax scandal to an end Ernst & Young has agreed to pay $123m (£82m) in a settlement with criminal prosecutors in the US, admitting that some of its most senior tax partners…