Overseas Territories: Tax Haven Status - Question

Part of the debate – in the House of Lords at 2:36 pm on 26 February 2024.

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Photo of Lord Sikka Lord Sikka Labour 2:36, 26 February 2024

My Lords, on 8 June, the Treasury Secretary in the other place said:

HMRC plans to calculate and publish a new stand-alone” estimate of the

“offshore tax not being correctly reported” by individuals

“next year, for the ‘Measuring tax gaps’ 2023 edition”.

Well, that hat has already been published, but there is still no estimate of the offshore tax gap. Can the Minister explain why the Government are so relaxed about offshore tax avoidance?