Margaret Hodge has decided to relinquish her position as chair of the UK's Public Accounts Committee (PAC). She had been expected to seek re-election, but can no longer count herself as the leader of the PAC. Hodge had been a key figure in the fight to bring corporate tax avoidance into the foreground of UK politics, and has been particularly vocal in her criticism of the Liechtenstein Disclosure Facility (LDF), a tax amnesty which allows wealthy Brits to move previously undeclared assets back into the UK for just a 10% fine, while avoiding criminal penalties.
May 26 2015