Tag Archives: tax evasion

MP raises impact tax havens have on developing countries

Jo Cox speaks during Labour's tax avoidance and evasion debateLabour forced a debate in Parliament yesterday on tax avoidance and evasion following the revelations in the “Panana Papers”.

Jo Cox spoke during the debate, led by Shadow Chancellor John McDonnell MP, to raise the impact tax havens have on poor countries.

“Having spent 10 years as an aid worker, I am acutely aware of the millions of pounds that are lost to development in poor countries as a result of these tax havens,” she said.

“Before the anti-corruption summit in May the Prime Minister needs to do far more to reassure the House that he will accelerate his efforts to persuade British overseas territories to mirror the United Kingdom’s welcome move, and establish a transparent public register of beneficial ownership.”

You can watch Mrs Cox’s contribution, and John McDonnell’s reply, here: