Liberal Democrats will raise an extra £6 billion a year by tackling tax avoidance, and use it to balance the books by 2017-18.
In Coalition Government, we have made huge progress in clamping down on tax avoidance and evasion already, but there is still a minority of wealthy individuals and companies who actively seek to avoid paying their fair share. This cannot be right. We will take tough action against corporate tax evasion and abusive avoidance strategies.
Parliamentary Candidate for Poplar & Limehouse Elaine Bagshaw said: "Tax avoidance currently costs local residents £153 million - that's money that we then can't spend on local schools and build more homes for local people. I'm proud that the Lib Dems would introduce a General Anti-Avoidance Rule, outlawing any move taken simply to try and avoid tax.
This isn't a fight we can win on our own, so we need to work with our partners internationally to tackle this problem. I'll be fighting for international tax reform and better co-operation across the EU to tackle tax evasion and avoidance."
You can read more about Liberal Democrat plans here: http://www.libdems.org.uk/tax-avoidance