Large businesses: tax strategies and sanctions

Finance Bill – in the House of Commons at 2:30 pm on 28th June 2016.

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Votes in this debate

  • Division number 25
    A majority of MPs voted against requiring multinational enterprises to publish a country by country tax strategy including information on their attitude to tax planning.

Amendment proposed: 1, page 516, line 21, at end insert—

‘(2A) A group tax strategy of a qualifying group which is a MNE group must also include a country-by-country report.

(2B) In paragraph (2A) “country-by-country report” has the meaning given by the Taxes (Base Erosion and Profit Shifting) (Country by Country Reporting) Regulations 2016.”—(Caroline Flint.)

Question put, That the amendment be made.

The House divided:

Ayes 273, Noes 295.

Division number 25 Finance Bill — Schedule 19 — Multinational Enterprises — Publication of Country by Country Tax Strategy

A majority of MPs voted against requiring multinational enterprises to publish a country by country tax strategy including information on their attitude to tax planning.

Aye: 272 MPs

No: 294 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Absent: 78 MPs

Abstained: 1 MP

Absents: A-Z by last name

Abstaineds: A-Z by last name

Question accordingly negatived.

More than two hours having elapsed since the commencement of proceedings, the proceedings were interrupted (Programme Order, 11 April).

The Chair put forthwith the Questions necessary for the disposal of the business to be concluded at that time (Standing Order No. 83D).

Schedule 19 ordered to stand part of the Bill.

Clause 150 ordered to stand part of the Bill.

Schedule 20 ordered to stand part of the Bill.

Clause 151 ordered to stand part of the Bill.

Schedule 21 ordered to stand part of the Bill.

Clauses 152 and 153 ordered to stand part of the Bill.

Schedule 22 ordered to stand part of the Bill.

Clause 154 ordered to stand part of the Bill.

New Clause 9