British Prime Minister David Cameron is expected to announce that new legislation making companies criminally liable if employees aid tax evasion, originally planned for 2020, will be introduced this year.
The statement will be made in the House of Commons later today, as Cameron tries to claw back credibility after the news that he profited from an off-shore fund set up by his father.
“This government has done more than any other to take action against corruption in all its forms, but we will go further,” Cameron will say, according to advance excerpts of his statement circulated by his Downing Street office.
“That is why we will legislate this year to hold companies who fail to stop their employees facilitating tax evasion criminally liable.”
Cameron admitted to selling his shares in an off-shore fund for a £19,000 just before taking office in 2010. The revelations ironically come just before he is due to host a global anti-corruption summit in London next month.
11/04/2016
