Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Lord Bellingham Excerpts
Tuesday 19th July 2016

(7 years, 9 months ago)

Commons Chamber
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Jane Ellison Portrait Jane Ellison
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I understand that there may be some logistical barriers to acquiring the papers—[Interruption]with the journalists, in fact. I will write to the hon. Lady with more detail, but I do not believe there is any fault on the part of Her Majesty’s Treasury.

Lord Bellingham Portrait Sir Henry Bellingham (North West Norfolk) (Con)
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15. Does the Minister agree that one strand of activity in the campaign is to continue to reduce corporation tax? Does she agree that we should have an aspiration to have the lowest corporation tax of any country in Europe?

Jane Ellison Portrait Jane Ellison
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Obviously, the effective rate is what really matters. We have set out a sensible and good ambition for 2020, but internationally what matters is what people pay. I return to the point that the UK has led the world. More and more countries have signed up to looking at how we ensure that multinational corporations pay what they should.