Proceeding contribution from David Drew (Labour) in the House of Commons on Wednesday, 6 May 2009. It occurred during Adjournment debate on Tax Avoidance and Evasion.

Tax Avoidance and Evasion

I concur totally with my hon. Friend and pay due tribute to the work of Richard Murphy of the Tax Justice Network. Does my hon. Friend agree that one of the good things that the Government did—this has been heavily criticised since—was to shut down advanced corporation tax? Quite simply, that was a major loophole for larger companies and a scam that could be used to hide many things relating to pension arrangements—not least early retirement problems—and company pension holidays. Is it not about time that the truth came out about advanced corporation tax? There are too many fables about what it was really about.

Secondary information

Type: Proceeding contribution
Reference: 492 c101WH
Session: 2008-09
Chamber / Committee: Westminster Hall
Subjects: Disclosure of information Developing countries Financial markets Poverty Trade Tax avoidance Taxation Tax evasion Tax havens Economic recession Revenue and Customs G20 Capital markets Multinational companies World economy CDC
Link: View this Proceeding contribution on www.publications.parliament.uk

Tax Avoidance and Evasion

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