HMRC and Google (Settlement) Debate

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Department: HM Treasury

HMRC and Google (Settlement)

Christian Matheson Excerpts
Monday 25th January 2016

(8 years, 3 months ago)

Commons Chamber
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David Gauke Portrait Mr Gauke
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My hon. Friend puts it very well. It is a pity that previous Governments have not taken this matter as seriously as we have.

Christian Matheson Portrait Christian Matheson (City of Chester) (Lab)
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The problem is that the Conservatives have form when it comes to arranging mates’ rates for taxation. They gave a massive tax cut to big City banks, particularly in relation to profits brought in from abroad. They also gave a massive tax cut to hedge funds, £25 million of which arrived in the Conservative party’s coffers last year, and now we have this deal. City banks, hedge funds and globalised corporations—the three bodies the modern Conservative party exists to serve. So let me ask the Minister: why should my constituents in Chester, who work hard and play by the rules, subsidise these big globalised corporations?

David Gauke Portrait Mr Gauke
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The fact is that in the last Parliament we increased taxes on banks and on hedge funds. The hon. Gentleman’s constituents should be asking why their Member of Parliament could not ask a better question.