Financial Secretary David Gauke has agreed to meet Caroline Flint following the MP’s campaign to publish the revenues and taxes paid by multinational corporations. Treasury Minister Damian Hinds confirmed the meeting during the Commons debate on the Finance Bill.
During the debate, Caroline Flint appealed for the Government to show leadership on the issue of tax avoidance: “I urge the Government not to wait for the EU or the OECD, but to adopt my public disclosure measure in the Bill and let the UK lead where I am sure others will follow.”
The MP said that for multinationals “publication is a straightforward way to persuade companies not only to come clean and to explain their tax planning, but to restore their tarnished reputations. I believe it would deter them from using tax havens and shell companies.”
She described her Bill as “a pro-business measure, because many small and medium-sized enterprises in the UK and around the world have no place to hide when it comes to where they pay their tax and how much tax they pay.”
Ms Flint has received support from 50 MPs from six different parties for her Multinational Enterprises (Financial Transparency) Bill. The Bill also has the support of every member of the powerful cross-party Public Accounts Committee. The campaign slogan is #showmethemoney
The MP’s proposals European Union, which is proposing a similar measure across all EU countries.