David Cameron has accused some British overseas territories and crown dependencies of not doing enough to tackle tax evasion and money laundering.

But shouldn’t we be asking, after more than five years, why David Cameron’s government has not done enough to tackle tax evasion and money laundering?

Why do we have a tax gap of anything up to £120 billion a year? Recovering that money would clear the national deficit at a stroke and make huge inroads into the national debt – and it is money that legally belongs to the UK government.

David Cameron and his Chance(llo)r, George Osborne, have been extremely relaxed about collecting it from the fatcat businesses and individuals who can afford to bank their money offshore, preferring instead to lean hard on the poor – and hardest on benefit claimants, one of whom, it has been shown, died because of the policies of Cameron’s government.

Now we’re being given this:

The prime minister took the offshore financial centres to task on Wednesday during a trip to the Caribbean and said not enough progress was being made towards transparency.

Over the past few years, Cameron has repeatedly urged territories such as the Cayman Islands and the British Virgin Islands to introduce central public registers of company ownership, thereby allowing law enforcement agencies to trace criminals behind firms that are currently anonymous.

This has met fierce resistance among some territories and Grant Shapps, a Foreign Office minister, appeared to backtrack on the UK’s requests for a central register during a trip to the Cayman Islands over the summer.

Is it good enough?

Source: David Cameron says not enough is being done to tackle tax evasion | Business | The Guardian

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook