Tax and Financial Transparency Bill 2010-12

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress. require the Secretary of State to take steps to require banks, corporations and trusts to provide information on their status, income arising and tax payments made in each jurisdiction in which they operate; and for connected purposes.

Private Members' Bill (Presentation Bill)

What is this Bill?

The Tax and Financial Transparency Bill was a Presentation Bill tabled by Caroline Lucas.

Is this Bill currently before Parliament?

No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2010-12 Session.

Whose idea is this Bill?

As a Private Members' Bill, this Bill represents the individual initiative of an MP (Caroline Lucas), not the Government.

What type of Bill is this?

A Presentation Bill can be tabled by any MP after the fifth Wednesday of the Session. There is no limit to the number of Presentation Bills an individual MP may table.

So is this going to become a law?

No. This Bill did not complete it's passage before the Session completed and is no longer before Parliament. However, it may have been re-introduced under a similar name in a subsequent Session.

Would you like to know more?

See these Glossary articles for more information: Presentation Bill, Private Members Bill, Process of a Bill

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