LONDON: David Cameron’s key objectives at the G8 summit next week — cracking down on tax havens, launching EU-US trade talks and progress to a Syrian peace conference — were still meeting resistance on Thursday night as he battled to win over key allies.

The prime minister is chairing the G8 summit in Northern Ireland on Monday and Tuesday next week, and is battling to break through the interlocking diplomatic and economic agendas. He looked to be closer to a breakthrough on improving tax co-operation in UK overseas territories and crown dependencies.

Bermuda joined the British Virgin Islands by apparently accepting that it should sign an existing OECD agreement to transfer tax information on request. The Bermudan premier, Craig Cannonier, said: “I want to clarify that Bermuda is strongly committed to joining the multilateral convention on tax information sharing. I am encouraged that other overseas territories are also committed to joining the convention.”

Earlier Cannonier had hinted that he was only willing to agree to sign in principle.

Downing Street officials admitted that the revelation in the Guardian last week of Cameron’s plan to summon the crown dependencies to a meeting tomorrow before the G8 had led to resistance from some countries. The prime minister was meeting continued resistance from his Canadian counterpart, Stephen Harper, over critical plans to require countries to reveal the true beneficial owners of shell companies and trusts.

Cameron laid on the diplomatic red carpet for Harpe, giving him the rare honour of speaking to both houses of parliament, a visit to Queen Elizabeth and a lengthy bilateral meeting at Downing Street. But Harper is worried about exposing private Canadian tax affairs and fears complications arising from Canada’s federal structure.

In a crucial advance for Cameron, a US Treasury spokesman said: “We view the G8 as an important opportunity to make progress on cracking down on criminal and illicit actors who use shell companies to hide their true identity.”

By arrangement with the Guardian

Opinion

Editorial

A new deal
Updated 16 Jun, 2026

A new deal

AFTER three and a half months of war between US-Israel and Iran and an acrimonious temporary ceasefire, a genuine...
Charter of economy
16 Jun, 2026

Charter of economy

NO one expected the PTI to accept the government’s invitation to sign a charter of economy; just as few expected...
Hostage seamen
16 Jun, 2026

Hostage seamen

SOME 50 days on, 11 Pakistani nationals are still in Somali pirates’ captivity. Their appeals to the Pakistani and...
Climate choices
Updated 15 Jun, 2026

Climate choices

The country is confronting increasingly volatile weather patterns with consequences for agriculture, infrastructure, public health and economic planning.
Brief opening
15 Jun, 2026

Brief opening

WE have been here before. Throughout the weekend, there was great anticipation that a tentative framework for peace...
Environmental disaster
15 Jun, 2026

Environmental disaster

IT was a heartbreaking sight. A recent news report in these pages carried a picture of a sea turtle lying half ...