The Prime Minister has vowed to crack down on tax avoidance if the Conservatives get in at the next General Election.<\/p>\n
Speaking ahead of the May vote, he said he wanted to see Britain \u201cliving within its means\u201d and the crackdown would raise a further \u00a35bn in avoided tax every year.<\/p>\n
\u201cWe will crack down on tax avoidance and ensure that those who can afford to pay the most do so,\u201d Cameron said.<\/p>\n
He stressed a Conservative government would ensure the UK maintained \u201cthe most competitive\u201d rates of corporation tax in the G20. However, Cameron also warned businesses that if they wanted to take advantage of generous rates, they had to ensure the tax was properly paid.<\/p>\n
He said: \u201cThe deal is this; if we cut your taxes, you have got to pay those taxes.<\/p>\n
\u201cIf large corporations think they can come here, use our public services, take advantage of all the benefits of operating in Britain, and then use all manner of weird schemes to avoid paying tax, they are wrong.\u201d<\/p>\n
Cameron’s pledge was welcomed by the anti-poverty charity, ActionAid, which said it would be examining the detail of the promise \u201ccarefully\u201d.<\/p>\n
ActionAid’s head of advocacy, Barry Johnston, said: \u201cWhile today\u2019s announcement of a manifesto pledge to tackle tax avoidance is welcome news, we will be carefully examining the detail.<\/p>\n
\u201cIn order to be properly fair, it must tackle tax dodging by UK firms in poor developing countries. These countries lose hundreds of millions of dollars every year to tax avoidance, which could otherwise be used to lift those countries out of poverty.\u201d<\/p>\n
In recent years there have been a number of high-profile tax avoidance cases, prompting public outrage and political condemnation.<\/p>\n
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