G7

Debate between Lord Cameron of Chipping Norton and John Pugh

Wednesday 10th June 2015 Commons Chamber

[John Pugh (Southport) (LD)]

I warmly welcome the progress that is being made on tax avoidance and evasion and multinational transparency, but are there any clear timelines, deadlines or penalties for non-compliance by individual countries?

[The Prime Minister]

The timeline that I have mentioned is the fact that 90 countries have promised automatic tax exchange by the end of 2018. That is not as fast as I would like, or probably as the hon. Gentleman would like, but it is something that has not happened before and will now happen.