Former Lib Dem business secretary who led corporate transparency proposal says PM rowed back when faced with tax havens’ opposition
- Cameron admits he profited from father’s offshore fund
- PM stepped in to shield offshore trusts from EU tax crackdown in 2013
Vince Cable, the former Liberal Democrat business secretary who worked closely with the prime minister on his drive to tackle tax avoidance, says David Cameron got cold feet about the crackdown.
Cable, whose department took the lead on the key proposal to establish a public register revealing the ultimate owners of UK-listed companies, says the prime minister faced considerable pushback on the plans.
Related: Cameron stepped in to shield offshore trusts from EU tax crackdown in 2013
Related: Tax havens don’t need to be reformed. They should be outlawed | Richard Brooks
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