Tax havens 'have no economic purpose', say economists

Pressure grows on David Cameron as more than 300 experts call for new measures to end secrecy

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David Cameron is under mounting pressure ahead of hosting an anti-corruption summit after hundreds of the world's top economists called on the UK to take the lead in tackling tax havens.

A letter signed by 300 economists has derided the low tax jurisdictions as serving "no economic purpose" and called for new measures to prevent them from being used to help the rich and powerful avoid paying their fair share.

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