Tax Avoidance (HSBC)

Part of Isil – in the House of Commons at 3:35 pm on 23rd February 2015.

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Photo of David Mowat David Mowat Conservative, Warrington South 3:35 pm, 23rd February 2015

In 2005, at the height of all of this, the then Chancellor told the CBI dinner that he supported a “light” and “limited” approach to regulation including tax administration. What does the Chancellor think the previous Chancellor meant by a “light” approach to tax administration, and can he confirm that we have cleared it up?