Vince Cable
Main Page: Vince Cable (Liberal Democrat - Twickenham)Department Debates - View all Vince Cable's debates with the HM Treasury
(6 years, 5 months ago)
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Mel Stride
My hon. Friend is absolutely right. We need to work with our international partners, which is why, as I have said, we have been working closely with the OECD on the base erosion and profit shifting project. We are well ahead of the pack in implementing those recommendations.
Sir Vince Cable (Twickenham) (LD)
What sanctions have the Government taken, and what sanctions do they propose to take, in respect of British overseas territories that pursue tax policies that are damaging to Britain?
Mel Stride
As the right hon. Gentleman knows, we are engaged in a variety of discussions with our international partners—not least with the European Union, in terms of the so-called blacklist—and we are looking closely at the concerns that they and others have, in order to strike an appropriate balance between protecting services that are very important to those particular jurisdictions and making sure that tax is paid fairly and as it should be.