Wednesday 10th June 2015

(9 years, 6 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
John Bercow Portrait Mr Speaker
- Hansard - - - Excerpts

Order. Extreme brevity is now required, to be exemplified, I think, by a distinguished philosopher, Dr John Pugh.

John Pugh Portrait John Pugh (Southport) (LD)
- Hansard - -

I warmly welcome the progress that is being made on tax avoidance and evasion and multinational transparency, but are there any clear timelines, deadlines or penalties for non-compliance by individual countries?

Lord Cameron of Chipping Norton Portrait The Prime Minister
- Hansard - - - Excerpts

The timeline that I have mentioned is the fact that 90 countries have promised automatic tax exchange by the end of 2018. That is not as fast as I would like, or probably as the hon. Gentleman would like, but it is something that has not happened before and will now happen.