Proceeding contribution from Lord Mackay of Clashfern (Conservative) in the House of Lords on Thursday, 17 March 2011. It occurred during Debate on Financial Crime: Legislation.
Financial Crime: Legislation
My Lords, I have sat through this debate and found it extremely interesting. I took part in the proceedings on the Bribery Act, and I would certainly like to see it brought into effect as soon as possible. It was passed with support from all parties in its present form. I am an honorary fellow of the Chartered Institute of Taxation. I think that I am right in saying that this House struck a very strong blow against tax avoidance in a case called Ramsay some years ago when it said that artificial transactions were to be ignored when it came to assessing the tax of a company or an individual. I just wonder what has happened to that principle. Has it been submerged by the terrific complication in the tax statutes that has taken place over recent years?
Secondary information
- Type
- Proceeding contribution
- Reference
- 726 c386
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Business Corruption Developing countries Finance Enforcement Money laundering Public service Staff Overseas trade Small businesses Tax avoidance Serious Fraud Office Tax evasion Tax havens Revenue and Customs OECD Anti-Bribery Convention Freezing of assets Bribery
- Legislation
- Bribery Act 2010
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-15 15:18:07 +0000
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