19 Oct 2016
The Government must use “the full weight of its influence” in order to stamp out corruption, money laundering and tax evasion which is having a disproportionate impact on the world’s poorest countries, MPs have concluded.
In a report, by the International Development committee (IDC), it is also claimed that there is much more Britain could do to get “its own house in order” as some individuals and businesses based in the UK have long played a role in facilitating global corruption.
The group of MPs, led by Labour MP Stephen Twigg, highlighted official figures estimating that between £23 and £57 billion was being laundered through the UK each year while it pointed to the role of British overseas territories in facilitating global tax avoidance and evasion.
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