British PM Cameron under pressure over tax havens

    British PM Cameron under pressure over tax havens

    April 5, London: British Prime Minister David Cameron is coming under pressure to stop British overseas territories and Crown dependencies being used by the wealthy to reduce their tax bills.

    A massive data leak from Panama-based law firm Mossack Fonseca showed it registered more than 100,000 secret firms to the British Virgin Islands, reports said.

    Labour Party leader Jeremy Corbyn said the government needed to "stop pussyfooting around" on tax dodging.

    Downing Street said the UK was "ahead of the pack" on tax transparency.

    Eleven million leaked documents showed how Mossack Fonseca clients were able to launder money, dodge sanctions and avoid tax - the law firm says it has operated beyond reproach for 40 years, according to media reports.

    There are links to 12 current or former heads of state in the data, including dictators accused of looting their own countries.

    The Oslo Times


    Related Posts