Cameron Should Im­pose ‘Di­rect Rule’ to End Tax Havens: Cor­byn

The Economic Times - - Around The World -

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.

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