"A UK tax avoidance bill could save developing countries billions", 13 Feb 2015

...[T]ax avoidance has once again hit the front pages following the revelations that HSBC helped clients avoid tax through its Swiss banking arm...[T]he largest world economies must put their own houses in order by introducing reforms to ensure that the world's poorer countries are able to raise their fair share of corporate tax...Just last month, a study of illicit financial flows by the African Union estimated that $50bn (£32.5bn) a year is flowing out of the continent unreported and untaxed...[L]arge commercial corporations are by far the biggest culprits of illicit outflows...UK regulation could tackle the opacity of the UK's largest companies, giving governments in developing countries a new tool to identify and tackle abuse of their tax systems...[Refers to HSBC, SABMiller]