Tax dodgers slammed by MP in Commons
Eastbourne MP Stephen Lloyd was debating tax avoidance in Parliament last week.
Mr Lloyd attacked the global companies who have paid little or no corporation tax on their profits in recent years.
He was speaking in a debate called to discuss the multinational businesses who have been in the public eye recently, for using various tax avoidance schemes.
Mr Lloyd said in the House of Commons, “Companies such as Amazon have broken the spirit of the law.
“They paid a tax rate of just 2.4 percent in 2011 which has outraged the British public in recent months, and rightly so.
“These companies have used the vast resources at their disposal to bypass the tax system.
“At a time of such tough worldwide economic circumstances, that is nothing but an insult to the hard-working individuals and businesses who do pay their fair share of tax.”
He said he wasn’t anti-business and added, “In my constituency, Eastbourne, my number one priority since the general election has been growing the town’s economy and creating jobs.
“The companies who avoid tax through legal loopholes have no sense of community integrity and are ignoring the responsibility they have to pay their fair share.”
Mr Lloyd finished by saying the companies should be named and shamed.
He added, “I believe fundamentally that tax avoidance is immoral. It may not be against the law, but it is simply wrong.”
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Saturday 25 May 2013
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