April 11 2016
U.K. Prime Minister David Cameron is expected to announce new rules to crack down on tax evasion, after he was forced to disclose unprecedented details of his private tax affairs in an effort to limit the damage of his involvement in the Panama Papers scandal. Cameron is speeding up plans to make companies criminally liable if their employees help their customers to evade tax, according to an advance copy of a speech scheduled Monday, seen by Reuters.
Cameron will also host a global anticorruption summit next month in London and will hope to restore some credibility by bringing in the tighter rules more quickly (his government had previously committed to introducing the legislation by 2020).
Cameron has faced calls to resign over his handling of revelations last week over his late father’s offshore fund. The fund was based in the Bahamas and did not pay U.K. tax.