Tag: tax

Bishop of Ripon and Leeds calls for co-ordinated international tax transparency efforts

On 22nd October 2013, Lord Chidgey asked Her Majesty’s Government what new millennium development goals they would prefer to see introduced post-2015. The Bishop of Ripon and Leeds, the Rt Revd John Packer, asked a supplementary question:

R_LThe Lord Bishop of Ripon and Leeds: My Lords, will the Minister press for tax justice to be a distinctive international goal in ensuring that major corporations pay appropriate taxes and in channelling taxes to the countries where profits are actually made?

Baroness Northover: The right reverend Prelate is right to highlight that and he will know that the UK Government are emphasising the importance of tax being collected appropriately within the developing countries. This will be transformative. Corporate transparency is one of the aspects required and he will know that my right honourable friend the Secretary of State for BIS, Vince Cable, is working very hard on that. BIS has just consulted and is considering responses, and DfID is trying to ensure that tax regimes in the developing countries are strengthened and built on.

(via Parliament.uk)

Bishop of Derby – Graduate Entrepreneurs and Tax Transparency

On 15th July 2013 the Bishop of Derby, the Rt Revd Alastair Redfern, received answers to written questions on the topics of graduate entrepreneurs and tax transparency.

Businesses: Graduate Entrepreneurs

DerbyThe Lord Bishop of Derby: To ask Her Majesty’s Government what resources are available for graduate entrepreneurs for start-up businesses.

The Parliamentary Under-Secretary of State, Department for Business, Innovation and Skills (Viscount Younger of Leckie): We want more businesses to develop in the UK in order to drive economic growth and innovation. We are intervening early to drive ambition by encouraging an entrepreneurial mindset in young people through activities in schools, colleges and universities. The experience of enterprise through education helps give young people the knowledge and awareness of what it means to run a business.

Higher Education Institutions (HEIs) can also help to bridge the gap into the world of business. For example, the Higher Education Funding Council for England (HEFCE) provides £160m per annum through Higher Education Innovation Funding (HEIF) to English HEIs to enable them to work with businesses and others. This can also be used to support student and academic enterprise, including start-ups and spin-outs. The latest Higher Education-Business and Community Interaction Survey (HE-BCI) indentified that, in 2011/12, 2,359 graduate start-ups were generated from English HEIs and 2,315 Graduate start ups were still active after at least three years. Continue reading “Bishop of Derby – Graduate Entrepreneurs and Tax Transparency”