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Labour has unveiled a 10-point plan to tackle tax avoidance in the wake of the Panama Papers scandal.

The party's Tax Transparency Enforcement Programme was released today hours after David Cameronmade history by publishing his own tax affairs.

Jeremy Corbyn has said he will soon follow suit - and has suggested other MPs and public figures like journalists should do the same.

Now the party has claimed it would change the register of MPs' interests to force members to declare all offshore holdings, no matter how small.

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David Cameron did not declare up to £30,000 of shares in his dad Ian's offshore trust, Blairmore Holdings, because it was under the threshold.

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Labour's plan would also launch an immediate public inquiry, double the HMRC staff probing the taxes of the richest and draw up a register of offshore trusts.

And it would force the British Virgin Islands - where more than half of firms mentioned in the Panama Papers were based - to introduce sweeping new transparency rules.

Shadow Chancellor John McDonnell said: "Labour's Tax Transparency Enforcement Programme will stop the super rich hiding their wealth from legitimate taxes whilst the rest of us (are) told there is not enough money to pay for the public services we all rely on.

"No longer will the richest wilfully avoid paying their fair share while disabled people have their support to live independently brutally cut.

"Under this Government there has been one rule for the rich and another for the rest of us.

"Tax haven corruption is not just a tax issue - it drives at the very heart of our democracy and its credibility. We risk eroding public trust in our democracy if we do not tackle the issue head on."

David Cameron 's ministers made a desperate defence of him today as the PM prepares for a grilling in the Commons tomorrow.

(Image: Getty)

Tory Housing Minister Brandon Lewis claimed transparency could go too far, adding: "I don't think we should be getting to a situation when being successful is a bad thing. Successful people employ people, they put money into the economy.

"I think all of us in public life have to be much more up front about the fact that being successful is not a problem."

Fellow Tory Cabinet Minister Amber Rudd added: "I think we have to think very carefully about the balance between transparency and privacy.

“We don't want to put people off who might have substantial assets [from standing for election]."

Labour's 10-point tax plan in full