Bid to stop big firms tax dodging

Britain, France and Germany are spearheading a push for international agreement on measures to end practices such as “transfer pricing” where profits are diverted to low-tax countries.

It follows claims of immoral behaviour by a number of high-profile firms who have paid little or no corporation tax in Britain and the US by exploiting legal loopholes.

Public outrage over corporate tax avoidance must be used as a “catalyst for change” British chancellor George Osborne said.