Banking: Royal Bank of Scotland — Question

Part of the debate – in the House of Lords at 3:04 pm on 1 February 2011.

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Photo of Lord Foulkes of Cumnock Lord Foulkes of Cumnock Labour 3:04, 1 February 2011

My Lords, will the Minister confirm that some of these millionaire and billionaire bankers, and indeed other millionaires and billionaires, use tax havens to salt away their money so that they do not actually have to pay tax to the United Kingdom Treasury? What are the Government doing to clamp down on these tax havens?