Oral Answers to Questions Debate
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Vince Cable
Main Page: Vince Cable (Liberal Democrat - Twickenham)Department Debates - View all Vince Cable's debates with the Foreign, Commonwealth & Development Office
(5 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sir Alan Duncan
As required by the 2018 Act, we will prepare draft legislation by the end of 2020. All the overseas territories are expected to have fully functioning public registers in place by the end of 2023, as my hon. Friend says, as part of the Government’s call for all countries to make such registers the global norm by that date. The plan is to make 2023 consistent for both.
Sir Vince Cable (Twickenham) (LD)
From the vantage point of having introduced the original public register, may I ask the Minister whether he agrees that it is utterly intolerable that British territories and dependencies should be used as a covert conduit for British tax dodgers, and that if they will not reform we should resort to the sanction of direct rule?
Sir Alan Duncan
We will stick by the timing, but I think that a lot of work has already been done so that they could perhaps be in place before that date. I am confident that progress is being made as we would wish.