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 Richard Graham Richard Graham Conservative, Gloucester 3:35 pm, 23rd February 2015

It has recently emerged that the Gloucestershire-based business Ecotricity lent its founder £4 million on seriously tax-advantageous terms. Does my right hon. Friend agree that there should be an investigation into whether the transactions between Ecotricity and Dale Vince represent aggressive tax avoidance? Does he also agree that it is possible that Labour has not carried out appropriate due diligence on what might otherwise look like a naked attempt at a thank-you for the £37 million of taxpayer subsidies given to Ecotricity’s onshore wind farm business?