"The tide is definitely moving toward transparency, and the tax havens and the U.S. are being left behind," he said. Cameron said Britain's overseas tax havens had agreed to share company-ownership information with U.K. law-enforcement bodies. Cameron said Britain's overseas tax havens were now "ahead of many developed states" in openness. British-linked tax havens including Bermuda and the Cayman Islands were represented at the summit — but others, such as the British Virgin Islands, were not. But many countries didn't sign up to the tough actions Cameron sought, and anti-corruption groups said criminals would still find plenty of places to stash their money — including tax havens linked to Britain.

Source: ABC News May 11, 2016 23:33 UTC