Launch of fresh drive on tax havens by Govt.

Launch of fresh drive on tax havens by Govt.On Saturday Chancellor of the Exchequer George Osborne alleged that the government is holding discussions regarding the striking deals with three more countries where UK residents deposit money in banks in a proposal so as to avoid paying tax.

Officials hope that the deals could increase up to 10 billion pounds by the year 2015. The deal was shared with previous agreements.

Osborne refused to find out the three new tax place of protection.

The league government of Prime Minister David Cameron took power in May. At present it is fighting to reduce a record insufficiency. Last month it announced the deepest public sector incise in many years. It averaged 19 percent transversely most departments.

Regarding the tax havens, Osborne said that they are united in this and it includes those who try and avoid tax. They are in the progression of unusual a deal with Switzerland and like this more deals will follow. As a result this would lead in the increase many billions of pounds. However government didn't get success to do this.