Oral Answers to Questions
Debate between Mel Stride and Jo Swinson(5 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mel Stride
I categorically do not accept the points the hon. Lady makes. My right hon. Friend does indeed stand up for Scotland, which is partly why—[Interruption.] The reason why he is not at the Dispatch Box, as the hon. Lady well knows, is to do with the way in which the conventions of the House operate in respect of the answering of questions. She knows that and it is a little unfair of her, if I may say, Mr Speaker, to try to make political capital out of that particular procedural element. My right hon. Friend has stood up for Scotland to the extent that there was £950 million additional budget for Scotland as a consequence of the last autumn Budget, with £1.3 billion going into city growth deals across Scotland. That is to support Scotland, the economy and the Scottish people.
Jo Swinson (East Dunbartonshire) (LD)
Oral Answers to Questions
Debate between Mel Stride and Jo Swinson(5 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Jo Swinson (East Dunbartonshire) (LD)
The Financial Secretary to the Treasury (Mel Stride)
Mr Speaker, I echo your welcome to the hon. Lady. It is good to see her in her place. It is absolutely right that all companies in this country should pay a fair rate of tax. The Government recognise that for some businesses—typically online companies—the current international tax regime is not entirely appropriate. We are working with the OECD and the European Union to find a solution to that, and we have made it clear that in the event we cannot reach a position where we can move multilaterally, we will take unilateral action.
Jo Swinson
I thank the Minister for that answer. The fact that Amazon’s UK profits trebled, yet it ended up paying less tax, shows how the tax model is broken for large international tech companies. He said that the UK may act unilaterally if international progress is not made at sufficient pace. With the OECD report not expected until 2020, is he prepared to wait that long before starting to act? Does he anticipate perhaps joining in with our European Union allies on the 3% interim revenue tax before then?
Mel Stride
We are not only working with the European Union; we are also working closely with the OECD. At our persuasion, it has recently decided to bring forward that report to 2019. We are making progress at the multilateral level, but as I have clearly stated, we should all be in no doubt that we are prepared to take unilateral action, should that be appropriate.
Oral Answers to Questions
Debate between Mel Stride and Jo Swinson(6 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Jo Swinson (East Dunbartonshire) (LD)
Artificial intelligence brings huge economic opportunities, but to date big tech companies have seemed even more likely than traditional corporates to engage in aggressive tax avoidance and concentrate power in the hands of a narrow, homogenous group of people. What will the Treasury do to ensure that companies in this growing industry pay their own way fairly and take account of their wider corporate responsibility to society?
Mel Stride
The hon. Lady will know that we made announcements in the Budget in respect of the taxation of digitally based businesses that operate from digital platforms and so create value as a consequence. We are consulting on the measures we may take. We said in our consultation document that it is possible we will look at revenue taxes as one particular approach. Our preference is a multilateral move with our partners in the European Union and the OECD, but we are prepared to go it alone if that proves necessary.
Oral Answers to Questions
Debate between Mel Stride and Jo Swinson(11 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Jo Swinson
The hon. Lady is right to highlight the issue of executive roles, which is more difficult to address than non-executive roles in the boardroom. The Government are taking action. The Women’s Business Council is looking at what specific steps can be taken and we expect its report in May. More than 60 companies have already signed up to the Government’s Think, Act, Report initiative, looking in detail at how they recruit, promote, retain and pay their women executives so that we can ensure that women are reaching the boardroom not just in non-executive roles but in executive roles.
Mel Stride (Central Devon) (Con)
T5. The UK has among the most generous maternity leave provisions in the world, which mean that some employers have to provide time off for employees for up to a year. This is particularly onerous for very small businesses. Will my hon. Friend look at the possibility of reducing the level of maternity benefits for micro- businesses that employ 10 people or fewer?
Jo Swinson
At this time of year, when we remember the Christmas story, we can be thankful that in the past 2,000 years not only has maternity care improved somewhat, but so has the recognition in society of the positive role that women, and mothers in particular, can play in the workplace. I recognise that it can be difficult for employers when an excellent employee is away for a year. That is why I hope that, as a strong champion for small business and as a father, my hon. Friend will welcome the Government’s plans to introduce shared parental leave, which will let mums and dads choose how they care for their children. Of course, that will mean that many mums will return to work in under a year, which will help to deal with the problem he outlines, as well as help dads to spend more time with their child in the early weeks of their child’s life.
On the specific issue, approximately 1.5 million people become parents every year, and we would not want that talent pool to be dissuaded from applying to work for small businesses.