Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Wall Street gets Fed reality check
Wall Street gets Fed reality check - 01:51
Reuters Today: Spanish yields seen rising at auction
Reuters Today: Spanish yields seen rising at auction - 06:21
Surprise services boost points to UK recovery
Surprise services boost points to UK recovery - 02:54
Breakingviews: Do as I say, not as I do – German wages
Breakingviews: Do as I say, not as I do – German wages - 05:04
Market Pulse: Spain under fire as investors shun bond sale
Market Pulse: Spain under fire as investors shun bond sale - 03:28
Myanmar's Kyat begins managed float
Myanmar's Kyat begins managed float - 01:59
ASEAN: territorial code of conduct draft by year-end
ASEAN: territorial code of conduct draft by year-end - 01:48
U.S. Morning Call: Stock futures down, JPMorgan to be fined
U.S. Morning Call: Stock futures down, JPMorgan to be fined - 02:08
EMEA Day Ahead:: Thursday
EMEA Day Ahead:: Thursday - 03:13
3XSQ: Customer funds in question; royal return
3XSQ: Customer funds in question; royal return - 05:44
Still cashing in? Hirst retrospective
Still cashing in? Hirst retrospective - 02:32
World's biggest car delivery center
World's biggest car delivery center - 02:41
FACTBOX: Titanic the movie sails again
FACTBOX: Titanic the movie sails again - 02:20
Trading at Noon: Wall St. down on lost hope for stimulus
Trading at Noon: Wall St. down on lost hope for stimulus - 02:48
Draghi holds rates, offers caution
Draghi holds rates, offers caution - 01:50
Breakingviews: Gun bubble redux
Breakingviews: Gun bubble redux - 02:51
Yahoo cuts 2,000 jobs
Yahoo cuts 2,000 jobs - 01:15
Easter egg panic in eastern Europe
Easter egg panic in eastern Europe - 01:28
Wealth Strategies: Equity rally has 3 years left in cycle
Wealth Strategies: Equity rally has 3 years left in cycle - 06:05
Congressional insider trading ban
Congressional insider trading ban - 01:17
Gas prices no detour for car buyers
Gas prices no detour for car buyers - 02:13
Demand for fuel-efficient cars will outlast spike in gas prices
Demand for fuel-efficient cars will outlast spike in gas prices - 02:36
Most engines of growth are in emerging markets : Nissan CEO
Most engines of growth are in emerging markets : Nissan CEO - 05:39
U.S. Day Ahead: GAP set to shine with same store sales
U.S. Day Ahead: GAP set to shine with same store sales - 01:59

UK Cameron's new tax evasion law

Monday, April 11, 2016 - 01:22

British Prime Minister David Cameron says he will tighten laws to end tax evasion without deterring ''aspiration.'' As Sonia Legg reports, he hopes it will end scrutiny of his personal wealth and restore trust in his leadership.

▲ Hide Transcript

▶ View Transcript

It's been a tough time for Britain's Prime Minister. Over the past week he's faced questions over his personal wealth and his late father's connection to an offshore fund. Ian Cameron was named in the leaked Panama Papers. (SOUNDBITE) (English) BRITISH PRIME MINISTER, DAVID CAMERON, SAYING: "His investment fund was set up overseas in the first place because it was going to be trading predominantly in dollar securites so like very many other commercial investment funds it made sense to be set up inside one of the main centres for dollar trading." David Cameron published his tax records to try and defuse criticism over his handling of the fallout from the leak. Now his Finance Minister has followed suit The government's also speeding up legislation to make companies criminally liable for employees who aid tax evasion. (SOUNDBITE) (English) BRITISH PRIME MINISTER, DAVID CAMERON, SAYING: "We should differentiate between schemes which are artificially designed to reduce tax and those that are encouraging investment." Some fear the new law may increase the risk burden on firms doing business in Britain. Getting the balance right is key (SOUNDBITE) (ENGLISH) SEVEN INVESTMENT MANAGEMENT, CO-FOUNDER, JUSTIN URQUHART STEWART, SAYING: "One of the problems we have got in Britain is that white collar crime is seen as a rather polite crime 'no-one got hurt' Yes they do - you are destroying value, you are destroying our reputation particularly in the UK, in London where the financial services reputation is based on one word - Trust." That's something Cameron is keen to restore. His campaign to keep Britain in the European Union may depend on it

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

UK Cameron's new tax evasion law

Monday, April 11, 2016 - 01:22