David Cameron has written to Council President Van Rompuy, setting out the case for radical global action to tackle tax evasion and aggressive tax avoidance.
The letter, copied into leaders of all EU Member States, sets out the PM’s ambition that the May European Council will inject the political will to tackle the problem and restore confidence in the fairness and effectiveness of our tax system, and calls for action in four key areas:
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a new global standard for multilateral information exchange
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action plans to increase transparency in beneficial ownership
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reform of global tax rules through the G20 and OECD, including where we could go further, e.g. greater country-by-country company reporting on the tax paid in their countries of operation
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improving the ability of developing countries to collect tax, building on the example of the government’s new joint unit
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