NEWS
24/01/2013 10:09 GMT

David Cameron Slams Corporate Tax Evasion At World Economic Forum

David Cameron has declared himself a "low tax conservative, not a no tax conservative" at a speech which skewered tax avoidance from corporations in front of leading businessmen, economists and lobbyists.

The prime minister, speaking at Davos, Switzerland, said he was "as pro-business a leader as you can find... I yield to no one in my enthusiasm for capitalism" but argued that tax avoidance was driving away customers and infuriating governments.

Cameron addressed a panel session of the 43rd Annual Meeting of the World Economic Forum

"Speaking out is not anti-capitalism, or anti-business. If you want to keep tax rates low you have to keep taxes coming in."

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