Tax Avoidance (HSBC) Debate

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Department: HM Treasury

Tax Avoidance (HSBC)

Ian Swales Excerpts
Monday 23rd February 2015

(9 years, 2 months ago)

Commons Chamber
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Ian Swales Portrait Ian Swales (Redcar) (LD)
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Does the Chancellor think that corporate entities that advise on tax evasion or enable it to take place should themselves be subject to criminal prosecution?

George Osborne Portrait Mr Osborne
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Yesterday the Chief Secretary referred to a policy that the Treasury has been considering for the purposes of the Budget, involving the penalties that should be paid by those who actively facilitate tax evasion. As I have said, we are considering that policy, but the hon. Gentleman will have to wait for the Budget.