Tag: tax avoidance

Bishop of St Albans asks about offshore tax havens in British Overseas Territories

The Bishop of St Albans asked a question on the use of British Overseas Territories as tax havens on 24th November 2021, during a debate on prevention of money laundering:

The Lord Bishop of St Albans: My Lords, earlier this year we held a debate on the Church Action for Tax Justice report Tax for the Common Good. When we discussed British Overseas Territories, we looked at the whole issue of tax havens and were assured that this was being addressed, yet the latest Pandora papers reveal that they are still used by shell companies to hide property sales and to avoid tax. Would the Minister agree that, since we are responsible for the defence of these territories, they have a duty to stop siphoning this money off from the UK?

Continue reading “Bishop of St Albans asks about offshore tax havens in British Overseas Territories”

Bishop of St Albans asks about deterring tax avoidance

The Bishop of St Albans received the following written answer on 25th February 2021:

The Lord Bishop of St Albans asked Her Majesty’s Government what assessment they have made of the effectiveness in deterring tax avoidance of the policies of (1) France, (2) Denmark, (3) Belgium and (4) Poland, which exclude companies (a) registered in, or (b) linked to, offshore tax havens from accessing taxpayer funded relief programmes.

Continue reading “Bishop of St Albans asks about deterring tax avoidance”

Bishop of St Albans asks about financial ethics concerns

The Bishop of St Albans received the following written answers on 22nd February 2021:

The Lord Bishop of St Albans asked Her Majesty’s Government what assessment they have made of the ethical implications of awarding public contracts to firms which (1) directly, or (2) indirectly, help to promote tax avoidance.

Continue reading “Bishop of St Albans asks about financial ethics concerns”

Financial Services Bill: Bishop of St Albans speaks at second reading

The Bishop of St Albans spoke at the second reading of the Financial Services Bill on 28th January 2021, raising issues of ethical investment and tax avoidance:

The Lord Bishop of St Albans: My Lords, it is right to underline the importance of the financial services sector in our country and the huge contribution it makes. There are many laudable things in this Bill: the strengthening of money laundering regulations; encouraging saving; and the creation of parity between white collar crimes, such as market manipulation, and general fraud by extending the maximum sentence.

I was disappointed, however, to hear that the Commons amendment exploring the whole issue of ethical investment with reference to genocide did not make it into the Bill. I understand the Government’s reservation—they do not want to politicise the FCA. Nevertheless, I hope that “global Britain”, as laid out by the intentions of the Bill, will also be very much “ethical Britain” as we place ourselves in the world under the new freedoms that we have. I also note, with other noble Lords, the concern that there seems to be so little clarity on the question of parliamentary scrutiny. I am sure we will return to this as the Bill passes through your Lordships’ House. Of course, fundamental to this whole future is that the FCA is adequately resourced to fulfil its task.

Continue reading “Financial Services Bill: Bishop of St Albans speaks at second reading”

Bishop of Winchester asks about tax avoidance by corporations in less developed countries

On 2nd November 2020 Lord Harries of Pentregarth asked the Government “what steps they are taking in their discussions relating to the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting 2.0 Project to prioritise a fairer settlement for those less economically developed countries who lose income as a result of tax avoidance by multinational corporations”. The Bishop of Winchester asked a question:

The Lord Bishop of Winchester [V]: My Lords, I underline what the noble and right reverend Lord, Lord Harries, has brought into focus. The loss of corporate tax—about 3% from high-income economies compared with 9% for low-income ones—further exacerbates the impact of coronavirus on trade and tourism. For example, sub-Saharan Africa currently faces its first recession in 25 years, with up to 14 million people driven into extreme poverty. Can the Minister assure the House that Her Majesty’s Government will urgently offer the OECD technical support in the form of revenue analysis along with support for legislative and policy measures so that countries that wish to implement unilateral tax reforms will have the wherewithal and advice to do so in the best way?

Continue reading “Bishop of Winchester asks about tax avoidance by corporations in less developed countries”

Queen’s Speech 2016: Bishop of Carlisle responds on international affairs and the armed forces

CarlisleOn 23rd May 2016 the Bishop of Carlisle, Rt Revd James Newcome, spoke in the second day of debate on the Queen’s Speech. He focused his response on the Government’s proposals to tackle tax evasion and extremism, as well as calling for a renewed focus on international development and the military covenant. The Minister of State for the Ministry of Defence, Earl Howe, responded on behalf of the Government.
 Continue reading “Queen’s Speech 2016: Bishop of Carlisle responds on international affairs and the armed forces”

Bishop of Peterborough – Government has moral duty to ensure public transparency over offshore tax arrangements

On 20th April 2016 Lord Wallace of Saltaire asked Her Majesty’s Government “what further discussions they have had with Overseas Territories since last year’s Overseas Territories Joint Ministerial Council about moves towards greater transparency of beneficial ownership for companies registered within their jurisdiction, in the light of the United Kingdom’s chairmanship of the International Anticorruption Summit in May 2016.” The Bishop of Peterborough, Rt Revd Donald Allister, asked a follow up question:

14.02 PeterboroughThe Lord Bishop of Peterborough: My Lords, while I acknowledge the good work done by the Government recently on this, does the Minister agree that public transparency is important not only in the fight against corruption but as a very significant moral issue? Does she agree that it is the duty of all Governments, including those of overseas territories, to work towards public transparency? Continue reading “Bishop of Peterborough – Government has moral duty to ensure public transparency over offshore tax arrangements”

Bishop of Coventry responds to statement on Panama Papers

13.10 Bishop of CoventryOn 11th April, Baroness Stowell of Beeston repeated a statement regarding the Panama Papers made by the Prime Minister in the House of Commons. The Bishop of Coventry, the Rt Revd Christopher Cocksworth, asked a follow up question. Continue reading “Bishop of Coventry responds to statement on Panama Papers”

Bishop of Southwark raises Zimbabwe and Senegal during Lords debate on bilateral trade between UK and Africa

On 11th November 2015 the House of Lords debated a motion from Lord Sheikh: “To ask Her Majesty’s Government what plans they have to encourage more bilateral trade between the United Kingdom and African countries.” The Bishop of Southwark, Rt Revd Christopher Chessun, spoke in the debate, raising the situation of Zimbabwe and the tax treaty between the UK and Senegal.

Bp Southwark May 2015The Lord Bishop of Southwark: My Lords, I am grateful to the noble Lord, Lord Sheikh, for a debate so pertinent to the times in which we live. I, too, look forward to the maiden speech of the noble Lord, Lord Oates. Although my knowledge of Africa at large is somewhat limited, I am a regular visitor to Zimbabwe, with my diocese having close links to four of its five Anglican dioceses: those of Central Zimbabwe, Manicaland, Matabeleland and Masvingo. The bishops, clergy and people of those places share a good deal of the reality of their lives and faith with me, and demonstrate remarkable resilience and strong hope in the face of adversity. Continue reading “Bishop of Southwark raises Zimbabwe and Senegal during Lords debate on bilateral trade between UK and Africa”