Tax Avoidance and Evasion
Debate between Margaret Hodge and Robert Jenrick(6 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Dame Margaret Hodge
It is also not in the interests of the many developing countries that lose more tax through tax avoidance than we do in proportion to their budgets.
Robert Jenrick (Newark) (Con)
The right hon. Lady’s central contention is that those territories should publish open registers of beneficial ownership. First, does she acknowledge that the United Kingdom is now one of the only countries in the world to do so, as a result of action by this Government? That was a huge achievement on the UK’s part. Secondly, in an international context, virtually no other major developed country in the world has done it. The state of Delaware, in which 90% of US corporations are registered—
Mr Speaker
Order! When I say “order”, the hon. Gentleman must resume his seat. I do not wish to be unkind to him. He is always very fluent, but he usually takes too long, and that was not just too long; it was far too long.