Taxation: Avoidance Debate

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Department: HM Treasury

Taxation: Avoidance

Lord Davies of Oldham Excerpts
Tuesday 11th December 2012

(11 years, 5 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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The Government have yet to establish a good guys’ website but it is an extremely good idea. In the mean time, I suspect that the noble Baroness will just have to read the newspapers.

Lord Davies of Oldham Portrait Lord Davies of Oldham
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My Lords, the worry would be that if the Government constructed a good guys’ website they would not be on it. The Minister is absolutely right: we need international action. However, the significant European countries taking action with regard to places such as Monaco point a very accusatory finger at the UK Government, with our plethora of regimes that are in fact tax havens. That is why the Government should be taking a lead, not following others.