Part of the debate – in the House of Lords at 11:06 am on 25 February 2016.
Lord Ashton of Hyde
Lord in Waiting (HM Household) (Whip)
11:06,
25 February 2016
Of course, we are trying to increase transparency. As the noble Lord will know, in our presidency of the G8, we led on international anti-tax evasion measures and we continue to work with the OECD. We were the first to sign the agreement for international exchange of information. As far as the anti-corruption summit is concerned, that is certainly something we will do. One of the problems, however, is that just increasing taxes in developing countries is not a silver bullet because of corruption: the tax that is raised has to go to the right places.