Following yesterday's EU Summit in Brussels, Welsh Liberal Democrat European Candidate Alec Dauncey, has backed a common European strategy to combat tax fraud, evasion and havens.
"It is totally unacceptable that corporate tax avoidance is so easy with companies playing one country off against another, aided and abetted by aggressive tax planning and tax consultancy firms.
"Liberal Democrats have been fighting for companies to pay their fair share in tax for many years now, and this can only be achieved by much more transparency in how companies prepare their accounts and with much better European and international cooperation.
"The time has very much come to clamp down on tax evasion and tax havens once and for all.
"It was great to see Britain, France and Germany working together on tougher action to make sure multinational companies pay their fair share in Europe and beyond."