Cameron Should Impose ‘Direct Rule’ to End Tax Havens: Corbyn
David Cameron should impose “direct rule” over British overseas ter ritories a nd Crown Dependencies that act as tax havens to ensure they comply with UK tax law, Jeremy Corbyn has said.
The Labour leader said that the governments of overseas territories needed to “understand the anger” in Britain about the hidden wealth exposed by the leak of millions of documents from the Panama law firm Mossack Fonseca.
He also pledged to publish his tax return and urged ministers to do the same. His comments wi l l i ncrease pressure on the Government to take firmer action to clean up the tax affairs of the UKadministered territories which are at the heart of the shadowy tax avoidance networks revealed by the Panama Papers.
“The point is, they are not independent territories,” Mr Corbyn told the BBC. “They are self-governing, yes, but they are British crown dependent territories, therefore surely there has to be an observance of UK tax law in those places.