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 George Osborne George Osborne The Chancellor of the Exchequer 3:35 pm, 23rd February 2015

The hon. Gentleman says that that’s the Tory party, but, as it happens, I think my hon. Friend Jacob Rees-Mogg is referring to the newspaper accounts of the Labour leader. I am not going to get drawn into that. Of course there is a difference in law between tax avoidance and tax evasion, although the shadow Chancellor managed to mess it up in the question he put today, but I have said as well that aggressive tax avoidance is something we also need to clamp down on and stop, and we have taken many actions to do so.