George Osborne: Global firms must pay correct tax

Chancellor George Osborne has unveiled £154m of funding to help tackle tax avoidance and evasion, amid public concern over the tax affairs of major international companies and wealthy individuals.

The money will be used to take on extra staff to investigate high earners who aggressively avoid or evade paying tax and global firms that use legal loopholes to move profits out of the UK.

Mr Osborne and Chief Secretary to the Treasury Danny Alexander told BBC News that "getting tough" with tax avoidance was a high priority for the government.