Paradise Papers

Part of the debate – in the House of Commons at 3:39 pm on 6th November 2017.

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Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General 3:39 pm, 6th November 2017

My hon. Friend is absolutely right. The diverted profits tax works every day of the week. It works where HMRC has to step in and sort out the companies that fall foul of it, but it works even better than that: it prevents and deters many, many companies from behaving in an inappropriate fashion.