Govt will turn spotlight on tax havens-Cable

Writing for the Guardian, Cable says among UK offshore jurisdictions there has been limited progress in stopping money-laundering and non-criminal tax-dodging continues. He believes there is a mood in the Obama administration and the EU to crack down on tax havens through measures such as withholding taxes to prevent leakage outside the main jurisdictions. The UK has traditionally dragged its feet on measures to curb tax havens as it helped the City attract business, says Cable. He is calling for a robust and fair tax base in which everyone pays their share, especially as the UK canno...