MPs yesterday painted a damning picture of how British companies and tax havens are helping the corrupt to steal vast sums from poor countries and so undermining UK aid, in a new report welcomed by Christian Aid.
The Government’s Criminal Finances Bill will play a useful role in the fight against corruption, but its potential has been overshadowed by the failure to take decisive action on secrecy in UK-owned jurisdictions, says Christian Aid.
MPs from major UK political parties want the government to use its Anti-Corruption Summit next week to require transparency in the UK tax havens, Christian Aid said after a Parliamentary debate in Westminster Hall.
Christian Aid campaigners from Witney gathered on 30 April 2016 in the Prime Minister’s constituency outside properties which are now owned in Jersey and the British Virgin Islands, to demand that David Cameron finally gets tough with the UK’s secretive tax havens.
David Cameron has not gone far enough to counter the abuse of UK tax havens, Christian Aid said yesterday (11 April 2016) after the Prime Minister announced that most UK Overseas Territories and Crown Dependencies will create central registers of companies’ beneficial owners.