G8 Summit

Lord McConnell of Glenscorrodale Excerpts

Wednesday 19th June 2013 Lords Chamber

[Lord Hill of Oareford]

That point is well made. I hope that the drive towards greater transparency will flush out and illustrate some of the problems to which my noble friend refers, solutions to which can then be worked on in the way that he suggests.

[Lord McConnell of Glenscorrodale]

My Lords, all of us who took part in the debate last Thursday will be delighted that there has been some progress on tax and transparency at the G8 summit. I hope that the steps that were agreed will prove to be significant. I have questions about two of these steps in particular, the first being the agreement made with the UK dependencies and territories last weekend. If they do not fulfil the promises made at that meeting, what further steps will the UK Government take to ensure that they do so? Secondly, I welcome the statement in the communiqué that there will be capacity building in the developing world, to help those countries legislate for and collect taxes under this new system. What will the UK do to help countries build their capacity for tax revenue collection?