Early day motion 476

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TAX HAVENS

That this House notes with concern that one in five tax havens worldwide are under UK jurisdiction; further notes that although all the British Overseas Territories have committed to joining the Convention on Mutual Administrative Assistance in Tax Matters, none have actually done so and no time-frame has been set in which they will do so; further notes that the island of Sark, where income tax is set at zero per cent will not come under the new agreement signed by Guernsey so will be exempt from oversight on beneficial ownership; believes that clarification on when the register of beneficial ownership will come into force, which British Overseas Territories will sign up to the Register and whether it will be publicly accessible is required as a matter of urgency; observes that while the automatic sharing of tax information will aid transparency, it will not in itself alter the tax regimes which made these territories attractive to companies and individuals aiming to minimise their taxes; and calls on the Government to take action both domestically and internationally to tackle the use of tax havens by multinational companies and individuals operating in the UK or in territories under its jurisdiction.

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Total number of signatures: 22

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Showing 22 out of 22

Name Party Constituency Date Signed
Bottomley, Peter Conservative Party Worthing West 04.09.2013
Campbell, Ronnie Labour Party Blyth Valley 11.09.2013
Clark, Katy Labour Party North Ayrshire and Arran 11.09.2013
Corbyn, Jeremy Labour Party Islington North 09.09.2013
Durkan, Mark Social Democratic and Labour Party Foyle 04.09.2013
Edwards, Jonathan Plaid Cymru Carmarthen East and Dinefwr 10.09.2013
George, Andrew Liberal Democrats St Ives 12.09.2013
Godsiff, Roger Labour Party Birmingham Hall Green 04.09.2013
Hancock, Mike INDEPENDENT Portsmouth South 11.09.2013
Hemming, John Liberal Democrats Birmingham Yardley 12.09.2013
Hopkins, Kelvin Labour Party Luton North 09.09.2013
Leech, John Liberal Democrats Manchester Withington 11.09.2013
Long, Naomi Alliance Party Belfast East 15.10.2013
McDonnell, John Labour Party Hayes and Harlington 10.09.2013
Meale, Alan Labour Party Mansfield 10.09.2013
Osborne, Sandra Labour Party Ayr Carrick and Cumnock 11.09.2013
Ritchie, Margaret Social Democratic and Labour Party South Down 10.09.2013
Robertson, John Labour Party Glasgow North West 05.11.2013
Roy, Lindsay Labour Party Glenrothes 11.09.2013
Russell, Bob Liberal Democrats Colchester 04.09.2013
Stunell, Andrew Liberal Democrats Hazel Grove 12.09.2013
Williams, Hywel Plaid Cymru Arfon 15.10.2013