Alun Cairns
Main Page: Alun Cairns (Conservative - Vale of Glamorgan)Department Debates - View all Alun Cairns's debates with the Cabinet Office
G8
Alun Cairns Excerpts(10 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
My hon. Friend has made an important point, but the most important point is that if countries are to be engaged in any way, they must sign up to the Geneva process.
Alun Cairns (Vale of Glamorgan) (Con)
The G8 tax agreement opens the way to an international tax settlement that is simpler and more transparent. Does my right hon. Friend agree that it has the potential to benefit countries that have reduced their corporation tax rates, such as the United Kingdom?
The Prime Minister
I think my hon. Friend would agree that, while low tax rates are good for business and there is nothing wrong with healthy tax competition, when we set a low tax rate we should then say to businesses, “We have a low tax rate; now you must pay the tax.” I believe that the G8 agenda will help us in that regard.