G8

William Bain Excerpts

Wednesday 19th June 2013 Commons Chamber

[The Prime Minister]

What matters is that the regime and the opposition nominate a limited number of people to discuss how to put together a transitional Government who can represent all the Syrian people. I do not want to put too many strictures on it, because speed and simplicity are of the essence.

[Mr William Bain (Glasgow North East) (Lab)]

The activities of companies engaged in secret mining deals and salting profits away in tax havens are, in the words of Kofi Annan,

“like taking food off the table for the poor”

in Africa. What specific commitments has the G8 made to ensure mandatory country-by-country reporting of what companies pay in tax?

[The Prime Minister]

This issue—on which I applaud Kofi Annan’s work—is covered in the declaration: that companies should report what they pay and that Governments should report what they receive, because often there has been a discrepancy between the two. Obviously the more countries that join the extractive industries transparency initiative—several promised during the course of the G8 and the Italians, the French, and ourselves before the G8—the higher the international standards will be.