Fiona O'Donnell
Main Page: Fiona O'Donnell (Labour - East Lothian)Department Debates - View all Fiona O'Donnell's debates with the HM Treasury
Tax Avoidance (HSBC)
Fiona O'Donnell Excerpts(9 years, 8 months ago)
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Mr Gauke
My hon. Friend has raised an important point. There was a problem with the way in which our system was working, and, as my hon. Friend says, the fact that cleaners paid a higher rate of tax than some people in private equity demonstrates how the last Government went awry.
Fiona O’Donnell (East Lothian) (Lab)
The Minister spoke about the leadership that the Prime Minister had shown on the issue of tax and transparency, but let us not forget that this was the same Prime Minister who said that he was relaxed about publishing his own tax return, and we are still waiting. Can the Minister update the House on his progress, and success, in the Crown dependencies and overseas territories? How many of them have committed themselves to, or ruled out, a public register?
Mr Gauke
We are still putting pressure on overseas territories and Crown dependencies, but all of them have signed up to the automatic exchange of information, which is a substantial breakthrough. I do not agree with the idea of putting all of them on a blacklist when France, Germany and the United States—indeed, 33 out of 34 OECD countries—have still not signed up to a public register. They are signed up, by and large, to a central register, but not yet to publishing it.