On the 3rd April 2017, the House of Lords considered the Government’s Criminal Finances Bill in Committee. Baroness Stern moved an amendment requiring public registers of beneficial ownership of companies in the Overseas Territories. The Bishop of Peterborough, the Rt Rev Donald Allister, spoke in favour of the amendment, which was withdrawn after the debate
The Lord Bishop of Peterborough: My Lords, I support the amendment. I also support the Bill and I am grateful for it.
I particularly support and follow a point made by the noble Baroness, Lady Stern, about this being a moral issue. I refer to Amendment 167. This time last year, shortly after the publication of the Panama Papers, there was a question in the House about this issue. I asked a supplementary and was assured by the then Minister that this was seen by the Government as a moral issue. It is important that we hold to that. Continue reading “Criminal Finances Bill: Bishop of Peterborough supports amendment on tax transparency”
On 9th March 2017 the House of Lords debated the Government’s Criminal Finances Bill at its Second Reading. The Bishop of Oxford, Rt Revd Steven Croft, spoke in the debate, supporting the Bill and calling for action on tax transparency in UK overseas territories and Crown dependencies.
The Lord Bishop of Oxford: My Lords, I join other noble Lords in thanking the Government for introducing this Bill. I support it. The Government have led on tackling corruption since the then Prime Minister set the issue of tax transparency at the heart of his G8 summit in 2013. He should also be thanked for hosting the anti-corruption summit in May last year. The Bill follows this good record and takes some further welcome steps to try to tackle corruption. The unexplained wealth orders will provide stronger powers for UK law enforcement to seize and repatriate the proceeds of grand corruption. The new corporate offences of failure to prevent the facilitation of tax evasion should be particularly praised because they will apply all over the world. I hope that in due course these offences will apply to all economic crime. Continue reading “Bishop of Oxford welcomes Criminal Finances Bill, calls for further action on tax transparency in UK overseas territories”