Finance Bill

Posted on November 3rd, 2017

On Tuesday 31 October 2017 Parliament debated the the third reading of the Finance Bill.

Valerie said:

“The Labour Party tried to strengthen legislation on the beneficial ownership of trusts, through amendments that we tabled to the Finance Bill.”

“The Government voted against these changes. It is alarming that HMRC is cutting another 8,000 staff when it is estimated that the full scale of tax dodging ranges from £34bn and £119bn.”

“The Labour Party supports any necessary changes to toughen our laws against aggressive tax avoidance.”

More information on the Finance Bill can be found here: https://services.parliament.uk/bills/2017-19/finance.html