Tax Avoidance (HSBC)

Part of Oral Answers to Questions — Home Department – in the House of Commons at 3:34 pm on 9th February 2015.

Alert me about debates like this

Photo of David Gauke David Gauke The Financial Secretary to the Treasury 3:34 pm, 9th February 2015

On multinational companies, I would make three points. First, we are ensuring that HMRC’s large business unit has sufficient resources to monitor large businesses adequately. Secondly, we are leading on international reform through the base erosion and profit shifting project with the OECD. Thirdly, I would highlight the diverted profits tax measure announced at the last autumn statement, which has been consulted on in recent weeks, and for which we hope to legislate in the Finance Bill before the end of the Parliament.