Early day motion tabled by primary sponsor Stephen Williams (Liberal Democrat), on Thursday, 1 December 2011, in the House of Commons. It is signed by 90 members in total.

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GENERAL ANTI-AVOIDANCE RULE FOR TAXATION

That this House notes the widespread public concern about the extent of tax avoidance and evasion by individuals and corporations; further notes that while evasion is illegal, taxes can be avoided by schemes that are contrived in their nature or by arrangements that are artificial and thus far removed from the responsible tax planning measures provided for by Parliament; believes that the ever-growing expansion of anti-avoidance measures has not eliminated the scope for exploitation of loopholes; further notes the publication of the report by Graham Aaronson QC outlining the case for the introduction of a general anti-avoidance rule in the UK; and urges HM Treasury to bring forward legislation within the next Finance Bill for the introduction of such a rule.

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Secondary information

Type

Early day motion

Reference

2501 

Session

2010-12

Other sponsors

David Laws

Tom Brake

Tim Farron

Simon Hughes

Baroness Burt of Solihull

Subjects

Financial institutions Taxation

Link

View this Early day motion on www.parliament.uk