Sleeping at the oversight switch?

UK and Germany agree crackdown on tax loopholes for multinationals | Business | The Guardian: "George Osborne, the chancellor, has joined forces with the German finance minister, Wolfgang Schäuble, to announce an international crackdown on tax avoidance by multinational companies.

The intervention comes came as the business secretary, Vince Cable, weighed into the Starbucks tax affair by berating corporate behemoths for "taking from the British economy and putting very little back". According to a Reuters report last month, Starbucks has not paid tax in the UK for three years.

Cable told the Guardian: "At times of hardship, when tens of thousands of British companies are paying their basic tax, to discover that leading multinationals are getting away with it is not acceptable.""

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