Opposition Day — [18th Allotted Day] — Tax Avoidance and Multinational Companies

Part of the debate – in the House of Commons at 2:48 pm on 3rd February 2016.

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Photo of John Martin McDonnell John Martin McDonnell Shadow Chancellor of the Exchequer 2:48 pm, 3rd February 2016

I will give way in due course, but may I remind Members that this is a time-limited debate and I wish to press on as quickly as I can? Of course Members will have the opportunity to engage.

On the Friday before last, Google announced late in the day by press release the company’s tax deal with HMRC. Google celebrated a deal comprising a payment of £130 million to HMRC in respect of taxes from 2005 to 2015. Astoundingly, in the early hours of the morning, the Chancellor was in an equally celebratory mood and tweeted that this was a “victory”—a major success.

Several hon. Members rose