Taxation: Avoidance
Debate between Lord Empey and Lord Deighton(11 years, 9 months ago)
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Lord Deighton
I thank my noble friend for that important addition to the debate. I was not aware of that but I am delighted that he has been able to share it with the House.
Lord Empey
What is the role of the Charity Commission in this? If an organisation pays out to good causes only less than 1% of its revenue, does an alarm bell ring somewhere?
Lord Deighton
In this particular case, as I understand it, the Charity Commission, which works closely with HMRC, investigated the trust but found that it did not have the legal basis to make a challenge. In that context, I refer to the review of the noble Lord, Lord Hodgson, the follow-up from the Government and the announcement made in the other House this morning that the focus of the new chairman, Mr Shawcross, should be on its role as a regulator.