Early day motion tabled by primary sponsor Austin Mitchell (Labour), on Thursday, 7 June 2007, in the House of Commons. It is signed by 22 members in total.

---

ACCOUNTANCY FIRMS AND TAX

That this House urges the Government to investigate the role of KPMG, PricewaterhouseCoopers, Deloitte, Ernst and Young, Grant Thornton and other accountancy firms in tax avoidance and evasion, and in devising, marketing, promoting and implementing aggresive tax avoidance schemes which have no commercial substance and whose sole purpose is to avoid UK taxes on income and profits, thus enabling their wealthy and corporate clients to avoid taxes and national insurance contributions by transfer pricing, artificial loans, inflated management charges, special purpose vehicles, joint ventures, fictitious assets, offshore schemes and secretive trusts, all designed to deprive the Treasury of billions of pounds of tax revenues which in turn forces the Government to curtail social investment and shift the tax burden onto ordinary individuals, resulting in regressive tax burdens and distribution of wealth and tax burdens.

Amendments

The Early day motion has received an amendment.

ACCOUNTANCY FIRMS AND TAX (1652A1)

The Early day motion has received an amendment sponsored by Vincent Cable (primary, Liberal Democrat) and tabled on Thursday, 14 June 2007. It has been signed by 4 members in total.

at end add `; and further urges the Government to introduce a General Anti-Avoidance Rule to prevent further ad hoc anti-avoidance measures adding to the gross and excessive complexity of the UK tax system.'.

---

Secondary information

Type

Early day motion

Reference

1652 

1652A1 

Session

2006-07

Other sponsors

Lynne Jones

Jeremy Corbyn

Ann Cryer

David Drew

David Leslie Taylor

Subjects

Accountancy Tax avoidance

Link

View this Early day motion on www.parliament.uk