Taxation: Africa

House of Lords written question – answered at on 8 February 2010.

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Photo of Lord Oakeshott of Seagrove Bay Lord Oakeshott of Seagrove Bay Spokesperson for the Treasury, Spokesperson for Work and Pensions

To ask Her Majesty's Government what measures they are taking to dissuade African nations from developing tax haven industries.

To ask Her Majesty's Government what steps they are taking with the international community to dissuade African nations from developing tax haven industries.

Photo of Lord Myners Lord Myners Parliamentary Secretary, HM Treasury

The UK has taken a consistently strong stance on tackling tax havens in international fora, as demonstrated by the leading role the Government took in pressing for G20 agreement on tackling tax havens last year.

The Government have also strongly supported international efforts to ensure that developing countries benefit from improvements in tax transparency and exchange of information, which is a vital step in tackling tax havens and discouraging their activity. This includes supporting multilateral instruments for tax information exchange, pressing for greater involvement of developing countries in the global forum on tax transparency, and supporting tax capacity building initiatives in developing countries.

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