Written question asked by Frank Dobson (Labour) on Monday, 23 February 2015, in the House of Commons. It was due for an answer on Thursday, 26 February 2015 (named day). It was answered by Andrea Leadsom (Conservative) on Thursday, 5 March 2015 on behalf of the Treasury.
Banks: Tax Avoidance
- Question
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To ask Mr Chancellor of the Exchequer, if he will take steps to require RBS and Lloyds to disclose the activities of their subsidiary companies located in tax havens.
- Answer
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As part of CRDIV, banks will be required from December 2015 to disclose much more information regarding the activities of their subsidiaries than they have previously done.
In each country in which they operate, they will have to report their profit/loss before tax and how much corporation tax they have paid. This makes great strides in increasing transparency and accountability to investors and the general public.
Secondary information
- Type
- Written question
- Reference
- 224902
- Session
- 2014-15
- Related items
- Subjects
- Banks Lloyds Bank Tax avoidance Royal Bank of Scotland
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-05-16 15:12:35 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2014-15/224902
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