Asked by: Baroness Kinnock of Holyhead (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what estimate they have made of the impact of tax regimes in each Crown Dependency and British Overseas Territory on tax receipts from individuals.
Answered by Lord O'Neill of Gatley
The information requested is not available in this format.
HM Revenue and Customs publishes estimates of the tax gap each year. The latest edition was published on 22 October 2015 and is available on the gov.uk website.
Estimates are made for all major taxes, including corporation tax and income tax. However, this information is not broken down in such a way that can be used to identify the loss of tax receipts due to the tax regimes requested.
Asked by: Baroness Kinnock of Holyhead (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government how many cases of (1) corporate, and (2) individual, tax evasion in each of the last five years have involved a British Overseas Territory or a Crown Dependency.
Answered by Lord O'Neill of Gatley
The information requested is not available in this format.
HM Revenue and Customs publishes estimates of the tax gap each year. The latest edition was published on 22 October 2015 and is available on the gov.uk website.
Estimates are made for all major taxes, including corporation tax and income tax. However, this information is not broken down in such a way that can be used to identify the loss of tax receipts due to the tax regimes requested.
Asked by: Baroness Kinnock of Holyhead (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what estimate they have made of the impact on UK tax receipts of the corporate tax regimes in Crown Dependencies and British Overseas Territories.
Answered by Lord O'Neill of Gatley
The information requested is not available in this format.
HM Revenue and Customs publishes estimates of the tax gap each year. The latest edition was published on 22 October 2015 and is available on the gov.uk website.
Estimates are made for all major taxes, including corporation tax and income tax. However, this information is not broken down in such a way that can be used to identify the loss of tax receipts due to the tax regimes requested.
Asked by: Baroness Kinnock of Holyhead (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what assessment they have made of the calls for urgent action on rising global inequality made by Oxfam and others.
Answered by Lord Deighton
Income inequality is now lower than when this Government came into office. Domestically we have invested heavily in HMRC to ensure that the wealthy pay the tax which they owe. Overall, the richest will pay more in tax this Parliament than under the previous Government’s plans and last year the top 1% of income taxpayers paid over 28% of income tax revenue, a higher proportion than at any time under the previous Government.
Internationally, we have led efforts through the G20 and OECD to reform the international tax rules to tackle the issue of multinationals artificially shifting their profits to avoid paying tax. And since 2013, we have been the first G7 country to meet the UN commitment to spending 0.7% of GNI on development aid.