All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

David Cameron

Prime Minister, UK

David Cameron

British Prime Minister David Cameron may have dropped off Forbes’ top 10 most powerful list amid flip-flops and domestic failures, but by chairing this year’s G8 and placing tax transparency at the heart of its agenda, he has been catapulted straight into third place on International Tax Review’s Global Tax 50. “We have commissioned a new international mechanism that will identify where multinational companies are earning their profits and paying their taxes so we can track and expose those who aren’t paying their fair share,” Cameron said.

Cameron, not a natural recipient of praise from anti-poverty activists given his austerity programme at home, found his words welcomed by one charity.

“David Cameron used the UK’s presidency of the G8 in 2013 to explain the global importance of financial transparency and tax payments, including their link with poor countries’ development,” says Rachel Baird of Christian Aid. “That led to both the G8 and G20 summits of 2013 producing major new commitments in relation to tax and transparency. That both the G8 and G20 included references to development in all their statements on tax, including in relation to BEPS and automatic information exchange marks a significant step forward.”

But while Cameron has been making a lot of noise about tackling aggressive tax avoidance, and has taken positive steps to crack down on global tax havens, critics have accused him of turning Britain itself into a tax haven through continual corporate tax cuts and controlled foreign company rules reform. Companies, meanwhile, have welcomed his “open for business” agenda.

Like his ideological inspiration, Margaret Thatcher, Cameron cuts a controversial figure, but like Thatcher, he remains a significant influence, if only as far as tax is concerned.

Further reading

The tax market reacts to G8 Lough Erne Declaration: Do you agree?

George Osborne claims G8 is driving ahead on tax issue

The Global Tax 50 2013

« Previous

Nick Burgin

View the complete list

Next »

Palaniappan Chidambaram

More from across our site

But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.
EY’s plan to separate its auditing and consulting businesses might lessen scrutiny from global regulators, but the brand identity could suffer, say sources.
Multinationals are asking world leaders to put a scale on carbon pricing to tackle climate change at the 48th G7 summit in Germany, from June 26 to 28.
The state secretary told the French press that the country continues to oppose pillar two’s global minimum tax rate following an Ecofin meeting last week.
This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.
12th annual awards announce winners
Businesses need to improve on data management to ensure tax departments become much more integrated, according to Microsoft’s chief digital officer at a KPMG event.
Businesses must ensure any alternative benchmark rate is included in their TP studies and approved by tax authorities, as Libor for the US ends in exactly a year.
Tax directors warn that a lack of adequate planning for VAT rule changes could leave businesses exposed to regulatory errors and costly fines.
Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree