G8 Summit – David Cameron pledges to address tax avoidance.

During this week’s G8 Summit, a forum bringing together eight global leaders to address international issues, Prime Minister David Cameron pledged to establish a register of company ownership, to make it clear who will benefit from arrangements where multinational corporations use offshore companies to avoid paying tax.

The leaders signed the Lough Erne Declaration, which sets out commitments for tax authorities across the world to automatically share information – so those who want to evade taxes will have nowhere to hide. The Declaration also makes clear that this action has to help developing countries too – by sharing tax information and building their capability to collect taxes.

Politics Update for w/c 17th June 2013
Austin Mitchell MP (Lab, Great Grimsby):
To ask the Chancellor of the Exchequer if he will introduce legislative proposals to allow fines to be levied on those who devise tax avoidance schemes which are subsequently struck down by HM Revenue and Customs as well as those who take advantage of such schemes.

David Gauke MP (Exchequer Secretary, HM Treasury):
As announced at Budget 2013, we will soon be consulting on a range of new information and penalty powers to tackle high-risk promoters of tax avoidance schemes. We also announced that we will consult on a penalties-based approach to taxpayers who fail to settle with HM Revenue and Customs in circumstances where a tax avoidance scheme has been defeated in another party’s litigation. The consultation is due to take place over the summer.

Gareth Thomas MP:
To ask the Attorney-General how many staff were retained on zero-hour contracts by (a) the Law Officers’ Departments and (b) the executive agencies and non-departmental public bodies for which he is responsible in (i) 2010-11, (ii) 2011-12 and (iii) 2012-13; and if he will make a statement.

Gareth Thomas MP:
To ask the Secretary of State for Culture, Media and Sport how many staff were retained on zero-hour contracts by (a) her Department and (b) the executive agencies and non-departmental public bodies for which she is responsible in (i) 2010-11, (ii) 2011-12 and (iii) 2012-13; and if she will make a statement.

Hugh Robertson MP (Sports and Tourism Minister):
No staff were retained by DCMS on zero-hour contracts. We do not hold, centrally, data for our executive agency or NDPBs.

Gareth Thomas MP:
To ask the Secretary of State for Energy and Climate Change how many staff were retained on zero-hour contracts by (a) his Department and (b) the executive agencies and non-departmental public bodies for which he is responsible in (i) 2010-11, (ii) 2011-12 and (iii) 2012-13; and if he will make a statement.

Gregory Barker MP (Energy Minister):
DECC has not employed staff on zero-hour contracts during the period outlined. This information is not held by the Department in respect of non-departmental public bodies.