Prime Minister David Cameron said the G8 would focus on "trade, tax, transparency" this year during a speech at the World Economic Forum in Davos.
Labour MP Dennis Skinner said in the House of Commons yesterday that it was "gruesome" for the Prime Minister to be "heading out of austerity-riddled Britain to wine and dine at Davos with 50 top bankers who helped to create the economic crash, several hundred tax avoiding millionaires".
Responding in the Commons, David Cameron said:
To be fair, I think when you see the speech I'm going to be making in Davos, in which I will be arguing we need greater transparency over tax, we need greater responsibility over the tax avoidance and tax evasion issues, we need greater transparency about companies and the land issue.
You may even find there are some things I'm going to say you might agree with.
David Cameron will call for greater international cooperation on tax evasion in a speech to the World Economic Forum at Davos.
The Prime Minister will urge leaders to work together and tackle tax evasion by multi-national companies and the super-rich.
Mr Cameron will make the issue a key focus during Britain's presidency of the G8 leading economic powers.
A Downing Street spokesman said he would not be talking about Europe in the wake of his landmark promise of a referendum.
A couple more themes emerging from Davos are that business leaders are cautiously optimistic about the coming year, but they are concerned about the referendum on Britain's membership of the EU.