Paradise Papers Debate

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Department: HM Treasury

Paradise Papers

Rebecca Pow Excerpts
Monday 6th November 2017

(7 years, 1 month ago)

Commons Chamber
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Mel Stride Portrait Mel Stride
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I am not going to get into the business of providing moratoriums on any particular matter at the Dispatch Box, tempting though the hon. Lady’s suggestion may be. That is not a path I am going to go down.

Rebecca Pow Portrait Rebecca Pow (Taunton Deane) (Con)
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I want to highlight the new criminal offence we have created for firms that do not stop their staff facilitating tax evasion. For the first time, under the Criminal Finances Act 2017, companies will be held criminally liable if they fail to stop their employees facilitating tax evasion. Does my right hon. Friend agree that this truly demonstrates that the Government take tax avoidance extremely seriously, and, indeed, have done more than our colleagues on the Opposition Benches have ever done?

Mel Stride Portrait Mel Stride
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My hon. Friend is absolutely right. This is but one further example of making companies criminally responsible where their employees try to facilitate tax avoidance. That is the right way to go and is just another measure the Government have brought in.