British Prime Minister David Cameron said on Monday he was tightening laws to end tax evasion without deterring "aspiration", hoping to end scrutiny of his personal wealth and restore trust in his leadership.
In a charged session in parliament during which one opposition lawmaker was ejected after labelling the prime minister "dodgy Dave", Cameron defended those who want to use money to support their families - something he said his late father had done when he set up an offshore fund revealed by the Panama Papers.
He said most of Britain's overseas territories, including the British Virgin Islands and Cayman Islands, and Crown Dependencies, like Jersey, would now provide British law enforcement and tax agencies full access to information on beneficial ownership of companies to offer greater transparency.
In a charged session in parliament during which one opposition lawmaker was ejected after labelling the prime minister "dodgy Dave", Cameron defended those who want to use money to support their families - something he said his late father had done when he set up an offshore fund revealed by the Panama Papers.
He said most of Britain's overseas territories, including the British Virgin Islands and Cayman Islands, and Crown Dependencies, like Jersey, would now provide British law enforcement and tax agencies full access to information on beneficial ownership of companies to offer greater transparency.
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He also said he was introducing legislation this year to make it a criminal offence for companies if they fail to stop employees from instructing clients on ways of evading tax, part of what he called some of the most robust action ever taken by a British government to close tax loopholes.