Robin Walker
Main Page: Robin Walker (Conservative - Worcester)Department Debates - View all Robin Walker's debates with the HM Treasury
Tax Avoidance (HSBC)
Robin Walker Excerpts(9 years, 10 months ago)
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Mr Robin Walker (Worcester) (Con)
Of course it is right for us to do all that we can to recover taxes that have been either wrongly avoided or illegally evaded, but is it not just as great a scandal that the Labour Government allowed their friends in private equity—the same people to whom they tried to sell Royal Mail and the Post Office—to avoid tax legally by keeping capital gains tax so low that multi-millionaires paid less tax than their cleaners?
Mr Gauke
My hon. Friend has raised an important point. There was a problem with the way in which our system was working, and, as my hon. Friend says, the fact that cleaners paid a higher rate of tax than some people in private equity demonstrates how the last Government went awry.