Labour’s John McDonnell has called for a new “Hippocratic oath” at Britain’s large accountancy firms, warning that they must work to maximise the amount of tax their clients pay.
Speaking at the World Economic Forum in Davos, the shadow chancellor said the so-called big four accountants were not doing enough to tackle tax avoidance.
He also warned that public anger over the issue was building.
But he paid tribute to businesses that paid their taxes.
Mr McDonnell, attending Davos for the first time, said there was a “sense of complacency” at the gathering and warned that the benefits of global growth were not being felt by all.