MP raises tax avoidance fears in Parliament
BRISTOL MP Stephen Williams has urged the Prime Minister to help combat tax avoidance in developing countries.
Speaking in Parliament, the Bristol West MP said: "I spoke at an event in my constituency, organised by Christian Aid and hosted by the Woodlands church in Clifton on tax avoidance in developing countries.
"Does the Prime Minister agree that we could do much to combat this problem by assisting developing countries to develop their own tax collection and assessment capabilities, and by requiring British companies to be completely transparent about profits made and taxes paid in each country of operation?"
In response, David Cameron said Mr Williams had made "a very important point".
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He added: "There is a huge amount of things we can do here.
"The work we have done with some less developed countries has actually seen their tax base sometimes as much as treble, and we need to do far more in all these countries because it is an absolutely vital part of development.
"I also agree with the issue he raises with respect to tax transparency, and that is why the Government are putting it at the head of our G8 agenda for the meeting that will take place in June at Lough Erne in Northern Ireland.
"One of the great things about this agenda is that it brings together developed and developing countries with a shared agenda that is good for both."