David Cameron, George Osborne and Angela Merkel have all made speeches condemning “aggressive” international corporate tax avoidance in the past week in what appears to be an effort to co-ordinate international action.
Speaking in Mumbai today, the Prime Minister said the government wanted to keep business taxes low but expected businesses to pay their “fair share” in return.
Cameron likened “aggressive” forms of tax avoidance by multinationals to illegal tax evasion.
He said: “I think there is a legitimate debate to say very aggressive forms of avoidance are not appropriate. And particularly, in a country which has set a very low tax rate, it is fair to ask people to pay it”