David Cameron

David Cameron: crack down on tax havens now!

David Cameron: crack down on tax havens now!

2,089 signatures
911 signatures until 3k

This is outrageous. The Panama Papers have revealed that British taxpayers are being forced to help the super-rich elite avoid their taxes.

When the Royal Bank of Scotland got into trouble, the taxpayer spent £45.2bn to save it -- at great cost to our public finances and public services. We still own 73% of RBS.

Now it turns out RBS’ own private banking arm, Coutts, is helping its clients to avoid paying tax on a massive scale. Coutts asked Mossack Fonseca to set up almost 500 offshore companies, making it one of the ten worst banks named in the Panama Papers.

Coutts, the Queen’s bank, has already been fined millions for breaking tax evasion and money laundering rules around the world. Much of that cash has been paid for by the taxpayer, via RBS. And now it seems Coutts is still taking taxpayers for a ride by helping its clients to dodge taxes on a massive scale.

Enough is enough. It’s time for taxpayers to stand up and tell David Cameron to finally crack down on British tax havens. In just one month’s time, he will be hosting a major summit on offshore issues. Will you help to pile on the pressure before then?

Sign the petition: Tell David Cameron to crack down on British tax havens.

The Panama Papers are an unprecedented leak of millions of files from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm, at the centre of helping the rich stop their wealth from being taxed.

Our government has done next to nothing about tax havens even though four years ago, David Cameron publicly vowed to crack down on them. It's even emerged that Cameron's father used offshore companies to 'hold' his vast investment income.

Tax havens are legal, but they’re destroying our society. If the richest people in our world aren’t paying tax, then we don’t get basic public services. The result is rampant inequality, and a massive transfer of wealth from people who need it most to the richest.

In June, a central register that identifies the beneficial or “significant” owners of UK companies is being introduced. But we don’t know yet whether this will also apply to offshore companies.

Clearly, our government needs to do more.

The SumOfUs community has been at the forefront of clamping down on tax dodging. Because of SumOfUs members like you, we’re pursuing a groundbreaking case against HSBC for helping Britain’s richest evade tax. And for this, we made front page news. If we’re going to stop this from happening, we need to bolster our legal framework now.

Sign the petition: Tell David Cameron to crack down on British tax havens.

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