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  Eurobond tax scandal: David Cameron accused of dodging concerns over loophole that costs Treasury at least £500m a year
  
  Prime Minister refuses to explain why he hasn't stopped use of Eurobond exemption
  
  David Cameron's attempts to "brush aside" legitimate concerns that the Government has not yet closed a legal tax loophole, which is losing the public purse at least £500m a year, have been condemned by MPs and campaigners.
  
  When asked at Prime Minister's Questions about revelations in The Independent that the Coalition had failed to stop the use of the quoted Eurobond exemption to avoid tax, Mr Cameron said decisions had been made by the Treasury and implied that was the end of it.
  
  Shabana Mahmood, Labour MP for Birmingham Ladywood and shadow Exchequer Secretary to the Treasury, said: "It's pretty shocking that David Cameron just brushed aside this important question. We're talking about a loophole that costs us around half a billion a year, yet the Prime Minister arrogantly dismisses the issue. At a time when families are facing a cost-of-living crisis and the deficit is high, this isn't good enough."

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