Oral Answers to Questions

Rushanara Ali Excerpts

Wednesday 4th May 2016 Commons Chamber

[Justine Greening]

We have brought in the disability framework over the past couple of years because we felt that we had not focused on that area in development in the way that we should have. Children’s mental health is incredibly important. We have put in more money through great agencies such as UNICEF to fund psychosocial support. One of the biggest problems we face is making sure that we have Arabic speakers with the right kinds of skills in the right quantity to deal with the scale of the challenge.

[Rushanara Ali (Bethnal Green and Bow) (Lab)]

3. What recent assessment she has made of the effect of tax avoidance in developing countries involving institutions based in the Crown dependencies and British overseas territories on the economies of those developing countries.

[The Minister of State, Department for International Development (Mr Desmond Swayne)]

Through our presidency of the G8 in 2013 and through the G20 we have led on assisting developing countries in strengthening their tax regimes, and tackling avoidance and evasion. UK overseas territories have agreed to furnish our tax and law enforcement agencies with company beneficial ownership information.

[Rushanara Ali]

I thank the Minister for that answer, but the world’s poorest countries are deprived of some $1 trillion every year because of money laundering and tax avoidance. Will he call on the British overseas territories to establish a public register of beneficial ownership ahead of next week’s anti-corruption summit in London?

[Mr Swayne]

We are light years ahead of where we were, and indeed of any ambition expressed by previous Administrations. Full automatic exchange of taxpayer account information will be available from September this year, and company beneficial ownership information will be available to our tax authorities by June next year.