Paradise Papers Debate

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Department: HM Treasury

Paradise Papers

Karin Smyth Excerpts
Monday 6th November 2017

(6 years, 5 months ago)

Commons Chamber
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Mel Stride Portrait Mel Stride
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I totally agree with the hon. Gentleman that everyone has a moral obligation to pay their fair and legally due share of tax, and when it is found as a consequence of these disclosures that some have failed to do so, HMRC will be on their case.

Karin Smyth Portrait Karin Smyth (Bristol South) (Lab)
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Last year my right hon. Friend the Member for Don Valley (Caroline Flint) led work in the Public Accounts Committee, and called for country-by-country reporting in an amendment to the Finance Bill, to which I think the Minister has alluded. The Government can now lead the way throughout the world in implementing that provision, while still pursuing multilateral provisions.

Mel Stride Portrait Mel Stride
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The Government are leading the way in exactly that endeavour. As I said earlier, a very important point to note is that we have a multilateral approach to this issue, and we are working hard at delivering on it.