Extract from remaining stages (Commons) of the Finance Bill (day 1) - July 1

Dr Rupa Huq (Ealing Central and Acton) (Lab):...New clause 33 would mean that companies would have to publish how many employees they have, how much profit they make and their assets in each dominion. How is it, for example, that we have Amazon employees in warehouses here—some of them are our constituents—but its UK subsidiaries paid just £5 million of tax in the UK last year? We know that Amazon makes billions and billions. My small businesses in Acton, Ealing and Chiswick do not have the option of routing things through the Cayman Islands under the practice of tax haven abuse...

To read the whole debate, CLICK HERE