William Bain
Main Page: William Bain (Labour - Glasgow North East)Department Debates - View all William Bain's debates with the Cabinet Office
(10 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
My hon. Friend is absolutely right. The figures are striking if we look at what happened with shale gas exploration in the US and at how much of their energy it is now supplying and the effect it has had on their gas prices. Their gas prices are now half the level of those in the UK, so this is an important industry for consumers and for our competitiveness.
Mr William Bain (Glasgow North East) (Lab)
It has been revealed in its five most recent years of published accounts that on UK revenues of £11.5 billion, Google paid less than £11 million in tax over that period. If the Prime Minister is to offer the right leadership on the issue at the G8 and the EU Council, does he not have to admit to the country that that is just plain wrong? [Interruption.]
The Prime Minister
As someone behind me has just said, that is what happened under Labour. We need to make sure that we put in place rules, regulations, transparency and international action to ensure that companies pay their taxes properly. What I am pleased about is that over the past year, we have made some real progress on this agenda.