Taxation: Avoidance Debate

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Department: HM Treasury

Taxation: Avoidance

Lord Beecham Excerpts
Wednesday 20th October 2010

(13 years, 7 months ago)

Lords Chamber
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Lord Sassoon Portrait Lord Sassoon
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My Lords, I am grateful to my noble friend, who has made the position absolutely clear. Minimising tax payments is perfectly reasonable. Where it gets into the avoidance on which HMRC needs to focus is where people have minimised their tax payments in a way that HMRC believes to be contrary to the way in which Parliament intended the tax laws to operate.

Lord Beecham Portrait Lord Beecham
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My Lords, will the Minister ask Sir Philip Green to complement his report on efficiency savings with a report on tax avoidance?

Lord Sassoon Portrait Lord Sassoon
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My Lords, I think that Philip Green has done the nation a single service in exposing the extraordinary amount of waste in government that was left unattended to by the Labour Government for 13 years. We will come on to the consequences of that later this afternoon.