Paradise Papers Debate

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Department: HM Treasury

Paradise Papers

Andrew Selous Excerpts
Monday 6th November 2017

(7 years, 1 month ago)

Commons Chamber
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Mel Stride Portrait Mel Stride
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As the right hon. Gentleman will know, we are committed to country-by-country reporting, which we will push forward with multilaterally. As for our future trade treaties, they are for the future and for the Department for International Trade.

Andrew Selous Portrait Andrew Selous (South West Bedfordshire) (Con)
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Low rates of tax and growing tax revenues depend critically on every penny of tax due being paid. What is the position if someone receives a fee, then sends it to a trust fund in Mauritius only to receive the money back as a loan?

Mel Stride Portrait Mel Stride
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I cannot comment on a specific tax structure put to me in these questions, other than to say that if it falls foul of our very rigorous disguised remuneration arrangements—some of them are being put in place by the latest Finance Bill—the people involved should clearly expect to receive a hand on the shoulder from HMRC.