Agenda item

Tax Avoidance and Evasion

William Campbell-Taylor asked a question of the Chairman of the Policy and Resources Committee concerning tax avoidance and evasion and the role that the City Corporation might play in advocating greater transparency on taxation matters.

In reply, the Chairman made reference to a number of initiatives being pursued by the City Corporation, including engagement at a European level and through the International Regulatory Strategy Group, which was producing a position paper to support the European Commission’s Anti-Tax Avoidance Directive that was to be considered by the EU’s Economic and Financial Affairs Council in May. He also reiterated that any action taken would need to be on a coordinated international basis in order to be effective.

Responding to a supplementary question from the Revd. Campbell-Taylor concerning prospective changes to the UK listing agreement, the Chairman advised that he would provide a written response to the Honourable Member in due course.