That this House notes recent research showing that the British Overseas Territory of Bermuda is a major hub for oil industry tax avoidance, and hosts the headquarters of three of the world’s top ten oil drilling contractors, four of the world’s ten biggest oil tanker companies, Shell and Chevron offices, and industry insurance companies; further notes the Iran war means oil companies are securing record profits, which Bermuda helps them avoid taxes on; and calls on the Foreign, Commonwealth and Development Office to investigate what further actions can be taken to stop the oil industry using British territories to avoid taxes around the world.

That this House notes recent research showing that the British Overseas Territory of Bermuda is a major hub for oil industry tax avoidance, and hosts the headquarters of three of the world’s top ten oil drilling contractors, four of the world’s ten biggest oil tanker companies, Shell and Chevron offices,...

That this House welcomes the proposal from leading tax experts for the introduction of an annual wealth tax of 2% on individual assets over £10 million, which could raise an estimated £24 billion each year; believes that such a measure would represent a fairer alternative to cuts and could provide urgently needed resources to tackle the poverty and inequality that blights our society; and calls on the Government to bring forward proposals for such a tax on extreme wealth ahead of the next Budget.

That this House welcomes the proposal from leading tax experts for the introduction of an annual wealth tax of 2% on individual assets over £10 million, which could raise an estimated £24 billion each year; believes that such a measure would represent a fairer alternative to cuts and could provide...

That this House notes the growing disparity in wealth distribution within the UK; recognises the need for a fairer tax system that ensures the wealthiest individuals contribute their fair share to society; calls on the Government to introduce a 2% annual wealth tax on individuals with assets exceeding £10 million; believes that such a tax would generate significant revenue that could be used to fund essential public services, reduce inequality, and support economic recovery; and urges the Government to consider the implementation of this policy as a step towards a more equitable and just society.

That this House notes the growing disparity in wealth distribution within the UK; recognises the need for a fairer tax system that ensures the wealthiest individuals contribute their fair share to society; calls on the Government to introduce a 2% annual wealth tax on individuals with assets exceeding £10 million;...

That this House is concerned that private jets release 10 times more carbon per passenger than commercial flights, pay no VAT or fuel duty and most passengers pay the same low rate of air passenger duty as ordinary commercial flyers; recognises that the UK has more private flights and more pollution from private jets than any other country in Europe; and calls on the Government to tackle this issue by levying VAT, tax fuel and increase air passenger duty on private jets which would raise £700m a year.

That this House is concerned that private jets release 10 times more carbon per passenger than commercial flights, pay no VAT or fuel duty and most passengers pay the same low rate of air passenger duty as ordinary commercial flyers; recognises that the UK has more private flights and more...

That this House notes the danger posed by water pollution and sewage spills to water sports athletes and participants; recognises that these sports, including angling, rowing, swimming, surfing and others are some the most popular participation sports in the UK; expresses its concern that the viability of certain sports may be threatened by water pollution; welcomes the campaign of the Clean Water Sports Alliance; urges the Government to support sports clubs affected by sewage dumping; and calls on the Government to take further and faster action on pollution by ending sewage dumping, banning water executives from paying themselves bonuses until sewage dumping stops, transforming England’s water companies into public benefit companies, replacing Ofwat with a new regulator with proper teeth to tackle sewage dumping, and introducing a sewage tax to fund the clean up of the most polluted lakes, rivers and coastlines.

That this House notes the danger posed by water pollution and sewage spills to water sports athletes and participants; recognises that these sports, including angling, rowing, swimming, surfing and others are some the most popular participation sports in the UK; expresses its concern that the viability of certain sports may...

That this House welcomes the EU Tax Observatory inaugural report on global tax evasion; notes that the report indicates that the richest people in the world are operating on the edge of legality to evade paying tax; expresses concern at the findings of the report that the very richest use shell companies and other measures to reduce their tax burden to between 0% to 0.6% of their total wealth; further notes that real estate in expensive cities such as London provides a vehicle for the very wealthy to avoid paying tax; also notes that the report calls on the 3,000 richest people in the world, with combined assets of $13 trillion, to be taxed at a rate of 2% of their total wealth; estimates that such a measure would raise £205 billion annually; and joins calls for the G20 Summit in Brazil in November 2024 to begin efforts to introduce a global wealth tax on the very richest people.

That this House welcomes the EU Tax Observatory inaugural report on global tax evasion; notes that the report indicates that the richest people in the world are operating on the edge of legality to evade paying tax; expresses concern at the findings of the report that the very richest use...

That this House notes the UK cost of living crisis hitting family budgets; expresses concerns that people are unable to meet the cost of housing, food and utilities; believes the public cannot sustain further tax increases and recognises the need for fairer not higher taxes; notes that Council Tax disproportionally penalises deprived communities that have lower wages and property values; calls on the Government to replace Council Tax and Stamp Duty with a Proportional Property Tax securing an average annual saving of £556 as well as lowering taxes for 77 per cent of households; notes the policy supports the current levelling up agenda, benefitting the poorest communities most; further notes that in addition to assisting with the cost of living, a Proportional Property Tax would deliver an economic stimulus through increasing incomes in areas experiencing the fastest high street decline; recognises that in areas with an overheated property market, people on low incomes can live in high value properties and therefore welcomes transitional protections to cap any tax increases at £100 a month as well as offering options to defer payment; finally notes that a Proportional Property Tax will help to close regional economic inequalities and would represent the most substantive policy to date in delivering the Government’s levelling up agenda.

That this House notes the UK cost of living crisis hitting family budgets; expresses concerns that people are unable to meet the cost of housing, food and utilities; believes the public cannot sustain further tax increases and recognises the need for fairer not higher taxes; notes that Council Tax disproportionally...

That this House is disturbed by the findings of the Secrets and Fries report published on 17 March 2022 by War on Want, which exposes a circular, paper transaction by McDonald’s which it alleges has the primary purpose of reducing McDonald’s tax obligations by creating a UK tax shelter for its global franchise income; notes that report further alleges that mechanism could be depriving the UK exchequer of at least £295 million in public funds over ten years without having any corresponding economic substance; further notes that McDonald's UK business received extensive public subsidies in the wake of the covid-19 lockdowns, not least through the Eat Out to Help Out scheme, whilst continuing to increase its market share in the UK and continuing to pay dividends to its shareholders; notes with regret that after seeing their tax affairs in Luxembourg and Singapore come under scrutiny McDonald's have moved their intangible fixed asset to the City of London to allegedly take advantage of the UK's lax intangible fixed asset regime; therefore calls on the Government to rigorously review its tax breaks mechanisms, including those that interact with the UK’s intangible fixed asset regime, and ensure that the full costs and benefits of all tax rules for all companies, including large multinationals, are properly reported; and further calls on the Government to scrap any tax rules which cannot be justified by their effects on the UK economy, society and the environment.

That this House is disturbed by the findings of the Secrets and Fries report published on 17 March 2022 by War on Want, which exposes a circular, paper transaction by McDonald’s which it alleges has the primary purpose of reducing McDonald’s tax obligations by creating a UK tax shelter for...