Lord Sikka
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Overseas Territories: Tax Haven Status
Lord Sikka Excerpts
Monday 26th February 2024
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(9 months ago)
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Baroness Vere of Norbiton (Con)
I am afraid I have to say to the noble Lord that we have not carried out that assessment.
Lord Sikka (Lab)
My Lords, on 8 June, the Treasury Secretary in the other place said:
“HMRC plans to calculate and publish a new stand-alone”
estimate of the
“offshore tax not being correctly reported”
by individuals
“next year, for the ‘Measuring tax gaps’ 2023 edition”.
Well, that hat has already been published, but there is still no estimate of the offshore tax gap. Can the Minister explain why the Government are so relaxed about offshore tax avoidance?