Key Facts

• Amendment 18 would require the Treasury to conduct an annual review of the DST within a year of Royal Assent.
• New clause 5 mandates a Government assessment of the effect of the DST on tax revenues, including the revenue effect on Scottish Limited Partnerships.
• New clause 33 requires all groups subject to DST to publish a group tax strategy, including a country-by-country report by April 1, 2021.
• Government's programme is time-limited.
• British bookstores face higher tax rates than Amazon.
• Chartered Institute of Taxation points out that the measure does not prevent profits from being shifted to tax havens.
• New clause 33 aims for multinational companies to disclose profits on a country-by-country basis.
• Research by TaxWatch UK estimates that £1.3 billion in corporation tax is lost annually from five major firms.
• The Government's digital services tax is expected to produce £280 million this financial year.
• Facebook would face an increased tax bill of £39 million, Google slightly more at around £168 million under the tax measure.
• New clause 33 targets international technology giants like Google, Facebook, and Amazon.
• The new clause would allow Parliament, journalists, campaigners, and civil society to see whether these businesses are paying their fair share of taxation.
• Mitchell argues that tax transparency aligns with the priorities of the Conservative-led coalition from 2016.
• Public expenditure is at an all-time high due to borrowing for economic effects of the crisis.
• The House voted to implement public country-by-country reporting through an amendment to the Finance Bill in 2016.
• The Treasury has not yet implemented this reform as requested by the House.
• A digital services tax was introduced but its effectiveness needs review within six months.
• Countries like France, Spain and Italy are implementing similar measures to address tax avoidance.
• High street businesses face outdated and confusing business rates.
• Tidal’s Store in Blackwood high street pays £300 per square metre while nearby business parks pay only £60 per square metre.
• The digital services tax is estimated to produce £440 million annually but TaxWatch UK suggests up to £1.3 billion loss in corporation tax from US technology firms.
• The DST could raise up to £2 billion.
• It is a tax on revenues targeting very large companies like social media platforms and search engines.
• Business rates are seen as an analogue tax in a digital world, requiring evolution.
• The principle of country-by-country reporting has been adopted by the OECD as an ambition.
• In 2016, a similar amendment was tabled by Caroline Flint.
• Amazon paid £5 million of tax in the UK last year despite having employees here.
• New clause 33 would require companies to publish employee numbers, profits, and assets in each dominion.
• The EU is the UK's biggest trading partner.
• BASF has transferred profits to Malta, the Netherlands and Switzerland to avoid tax.
• The proposal is supported by Oxfam, Christian Aid, CAFOD, and development charities.
• Developing countries lose three times as much due to tax avoidance compared to what they gain from aid.
• New clauses 5 and 33 and amendments 18 and 19 pertain to the digital services tax.
• Clause 51 states DST is due and payable on the day following the end of 9 months from the end of the accounting period.
• The new tax aims to address unfair advantages that large digital companies have over traditional businesses.
• Google turned over $10 billion and made about $2.2 billion profit from UK activities in 2018.
• Google should have paid £420 million in corporation tax but actually paid only £67 million that year.
• The digital services tax is a short-term measure, and country-by-country reporting is proposed as a more fundamental solution.
• The statement acknowledges that over 85% of taxpayers pay their taxes without question through the PAYE system.
• Some developing countries have increased their tax collection from about 20% of annual expenditure in 2007 to over 80% today, as supported by British techniques and expertise.
• The speaker highlights the importance of changing rules to enable poorer nations to run effective governments for public services.
• The digital services tax could raise over £400 million a year by 2021-22.
• The Government will disapply the digital services tax if an international agreement is reached and implemented.
• The MP's family were shopkeepers, owning both a post office in Clady and a grocery store in Ballywalter.
• The Finance Bill introduces legislation for the digital services tax.
• The shadow Chief Secretary to the Treasury supports proposals to combat tax avoidance.
• The Digital Services Tax (DST) levies a 2% charge on revenues from search engines, social media and online marketplaces for groups with annual global revenues over £500 million.
• DST applies only to revenues attributable to UK users above £25 million.
• Clause 71 requires the Government to review the DST in 2025 and submit it to Parliament.
• The DST is intended as a temporary measure until an appropriate global solution is implemented.
• The Minister advocates for voluntary compliance by companies.
• There is concern that unilateral implementation risks reducing tax transparency and incentivizing firm restructuring to avoid disclosure.
• Ongoing discussions within the OECD aim at achieving a multilateral solution for public country-by-country reporting.
• MP Bridget Phillipson represents Houghton and Sunderland South.
• The debate covers issues of business rates and corporate social responsibility.
• A new clause is proposed requiring the Chancellor to assess the Act's environmental impact within six months.
• The planet has experienced 20 of the warmest years in the last 22 years.
• Last year, the UK recorded its hottest day with a temperature of 38.7º Celsius.
• Sea levels are predicted to rise with serious consequences for the UK.
• Scotland's electric car target is set for 2032, compared to the UK government's target of 2035.
• The UK is set to miss its fourth and fifth carbon budgets.
• Nearly 2 million homes built since the Climate Change Act 2008 are likely to require expensive retrofits.
• The Conservative manifesto promised £9 billion in energy efficiency investment over a decade but this has been delayed.
• A YouGov poll found that less than a third of the public believe the Government has a plan for net zero emissions.
• UK has cut greenhouse gas emissions by 43% since 1990.
• There are around 450,000 green collar jobs in the UK.
• The UK is forecast to have 2 million green collar jobs by 2030.
• The statement references former President Roosevelt’s emphasis on providing enough for those who have too little.
• The UK Government is challenged on its record regarding poverty, hunger, and inequality.
• The Well-being of Future Generations (Wales) Act 2015 links sustainable development goals with public body obligations in Wales.
• New clause 14 would require the Chancellor of the Exchequer to review the impact of the Bill on meeting Paris climate change commitments.
• 30,000 jobs are due to go in the oil and gas sector as a result of the current downturn in oil prices.
• The Scottish Government has invested £62 million into sustainable energy with £25 million going towards a transition fund and other projects.
• The UK Treasury has received £350 billion from the oil and gas sector.
• Clause 102 introduces a tax on plastic packaging containing less than 30% recycled plastic.
• The clause takes up two and a half lines in a Finance Bill of 7,500 lines.
• A measure ensures no tax is paid by employees or employers for zero-emission company cars.
• The speaker launched the 'plastic bag-free Harrogate' initiative in 2008.
• The UK is not meeting the 2° warming target or the fourth and fifth carbon budgets.
• Clause 83 of the Finance Bill exempts electric vehicles from vehicle excise duty.
• Norway's top-selling vehicle is the Nissan Leaf, supported by Government measures.
• The construction sector should be incentivised to repurpose factories for modular, zero-carbon home building.
• VAT减免政策不合理，应该调整以鼓励绿色改造而非拆除重建。
• Every Department’s policy should meet a green fiscal rule or measure.
• The MP was lobbied by 15 residents yesterday.
• Today, the MP spoke with 180 delegates from CPRE, a countryside charity.
• Delegates are frustrated with the lack of progress towards net zero targets.
• A brownfield-first policy for development is requested.
• People at Northwich station cannot cross tracks due to mobility issues.
• The decision on the tidal lagoon project was seen as retrograde.
• Mayor Steve Rotheram's renewable energy project in Merseyside needs escalated support from the Government.
• Hydrogen industry growth is highlighted in Weaver Vale.
• The Prime Minister announced 'build back greener' without significant new funding.
• Airbus cut 15,000 jobs in Europe.
• Climate emergency commitments do not match financial actions.
• £5 billion announced is not new money for Wales and represents just 0.2% of GDP compared to Roosevelt’s New Deal's 40%.
• UK is on track to miss the fourth and fifth carbon budgets.
• No coherent plans to integrate onshore and offshore networks or train a net zero workforce.
• Poll found that six in ten people want health and wellbeing prioritised over growth after the pandemic.
• Europe had its hottest year on record in 2019.
• Global grain yields have declined by 10% due to climate change.
• More than 1 million people living near coasts have been displaced due to rising seas and storms.
• The UK needs an additional £33 billion per year to meet its 2050 net zero target, of which less than 10% has been committed.
• Conservative Governments continue to provide tax breaks to oil companies.
• The Mayor of London's ULEZ scheme has reduced emissions by 40%.
• Asthma deaths have risen exponentially in the last decade.
• Older construction in the social rented sector often leads to damp and respiratory issues.
• Tackling low-hanging fruit could create green jobs and improve air quality.
• The Arctic is on fire and 2020 is on course to be the hottest year on record.
• New clause 34 would require the Chancellor to review the Bill's impact on human and ecological wellbeing, including future generations.
• Young people are at the forefront of campaigns for a transformative green new deal.
• The Treasury’s Dasgupta review interim report recognises that economies are embedded within nature.
• Investment in care creates seven times as many jobs as construction and generates 50% more tax revenue.
• Investing in care produces 30% fewer greenhouse gas emissions than construction.
• Organisations suggest the UK should aim for net zero by 2030, two decades earlier than the current target.
• The Government's £12 million investment in zero-emission vehicles research is just 0.04% of the road-building budget.
• Rolls-Royce plans to cut thousands of staff at its Ansty plant near Coventry.
• Jaguar Land Rover has announced hundreds of redundancies in nearby Solihull, leading to additional job losses in car parts manufacturers in Coventry South.
• It is estimated that without further action, 1 million more people across the country will fall into poverty this year alone.
• The Government's announcement comprises only 0.2% of UK GDP.
• £5 billion is proposed for investment, while £150 billion over three years would be needed to end the recession.
• Only 3,500 social rented homes are expected to be built this year across the entire country.
• The affordable homes programme needs fast-tracking and spending on building new zero-carbon social rented homes in constituencies like Houghton and Sunderland South.
• Bus services in London receive a £722 million annual subsidy, while Cumbria receives nothing.
• Between 16 to 20 million people visit the Lake District each year.
• The Lakes line should be electrified and have a passing loop at Burneside for increased capacity.
• The Prime Minister has announced the planting of 1.5 billion trees by 2050.
• Forest cover will increase from 15% to 17% across the UK.
• £800 million funding for biodiversity measures was included in the 2019 spending round.
• Over £1 billion was announced for ultra low emission vehicles.
• The plastic packaging tax incentivises businesses to use 30% recycled plastic.
• New clause 28 would require the Chancellor to assess the Bill’s impact on achieving net zero emissions by 2050.
• Carbon pricing has contributed to a reduction of coal-based electricity from 40% in 2012 to 5% in 2018.
• The Government are creating skills advisory panels to help local areas understand their current and future needs, including in low carbon industries.
• The Prime Minister announced a lackluster programme regarding green initiatives.
• Retrofitting homes across the country would deliver environmental benefits and create jobs.
• A new clause requires the Chancellor to review the impact of the Bill on job creation within six months.
• New clause requires review of loan charge scheme's impact on parts of the UK and regions of England within six months.
• Review must assess effects on business investment, employment, productivity, company solvency, and HMRC policy fairness.
• Amendment restricts loan charge to cases where taxpayers knew loans were taxable for years 2015/16 or earlier.
• New clause mandates review of IR35 provisions by Treasury before implementation, due no later than 31 December 2025.
• Up to 1.5 million people have become unemployed since the start of the year.
• An estimated 9 million employees are on furlough schemes.
• Around 8 million workers are working fewer hours than usual.
• Manufacturing as a proportion of UK’s GDP has fallen from 30% in 1970 to 10% today.
• FDR's New Deal cost around 40% of pre-depression US GDP and included major infrastructure projects.
• The Prime Minister's back-to-work plan is around 1% of the cost of the New Deal.
• At least seven people have taken their own lives due to the unfair and retrospective loan charge.
• 39% of individuals affected by the loan charge have considered suicide, 49% could lose their homes and 71% face bankruptcy.
• New clause 31 has over 50 signatures from Members of Parliament.
• Amendment 20 would delay the imposition of IR35 rules until April 2023.
• The House of Lords Economic Affairs Committee reported that the current IR35 framework has never worked satisfactorily over its 20-year history.
• Contractors may end up in an 'undesirable halfway house' with no employment rights but considered employees for tax purposes.
• The loan charge impacts mental health and wellbeing of many individuals.
• More than 30,000 individuals will benefit from certain measures but a pause in the policy is necessary.
• Amendment 16 to scrap IR35 has been tabled due to concerns about its fairness.
• Over 3 million people are excluded from UK Government support schemes.
• The Finance Bill provisions are problematic for employers and contractors.
• Over 1 million people have fallen through gaps in UK Government support schemes.
• GDP suffered a record monthly slump of 20.4% in April due to the pandemic.
• New clause 18 would require a review of Brexit's impact on investment, employment, and productivity.
• Unemployment fell to about 2% in Harrogate and Knaresborough.
• The hospitality sector employs 9,500 people in the constituency.
• There are 1,000 new jobs created on average per day over the past decade.
• R&D expenditure credit increases from 12% to 13%.
• Some employees face pressure to choose self-employment due to unscrupulous employers.
• The economic hardship faced by young people could lead to a disaffected generation.
• In Liverpool, the University of Liverpool is proposing to end 536 jobs despite having the capacity to protect all jobs.
• Small companies in the constituency are on the brink of collapse due to inadequate support from the Government.
• 55 Members of the House signed a new clause tabled by Mr Davis.
• The Morse review was set up to address issues related to the loan charge.
• Financial advisers may have given recommendations when the law was unclear on legality.
• The loan charge scheme has led to financial ruin, family fractures, and suicides among constituents.
• Aymon Jaffer took out a loan in 2010 for debt repayment and saving for a house but is now at risk of losing his home due to the loan charge.
• There are seven reported suicides related to the loan charge scheme.
• Constituents have no right of appeal to a tax tribunal or negotiation with HMRC.
• HMRC's loan charge has led individuals to face private debt collection.
• The real culprits are promoters of schemes still practising today, duping constituents into financial distress.
• IR35 has caused enormous pain for micro-businesses with no employment rights or stability.
• Bailiffs on behalf of HMRC are locking people out of their homes until payment is made.
• There is a plea for a full review of tax reliefs and sector-specific deals for aviation and the creative industries.
• The number of workers on UK payrolls was down by over 600,000 between March and May.
• The UK's tax burden is forecasted to grow to 34.6% of GDP by 2024, the highest in more than half a century.
• Per capita GDP: UK $37,000 vs Singapore $65,000 and Hong Kong $48,000 in 2016.
• The impact of coronavirus has weakened much of our infrastructure.
• Before lockdown, 9 million people living below the poverty line—3 million children—in households with at least one person in work.
• The Government postponed the introduction of IR35 reforms until next spring.
• The coronavirus job retention scheme has led to huge job losses.
• There are 13,100 people on furlough and 4,630 claimants for unemployment benefits in the MP's constituency.
• Investment is needed in strategic capital projects such as a new hospital, medical school, hydrogen gas sector, nuclear infrastructure, and cultural institutions.
• The company James's partner works for has announced plans to lay off almost 40 employees.
• Coventry College has faced mass redundancies during the crisis.
• The beauty, aesthetic and wellbeing industry contributes £6.6 billion to the UK economy and employs over 300,000 people.
• The Government's coronavirus job retention scheme and self-employed support have been announced as unprecedented.
• The Office for Budget Responsibility (OBR) provides twice-yearly economic forecasts based on stated government policy.
• Non-compliance with the off-payroll working rules could cost the country £1.3 billion in 2023-24 if not addressed.
• The House divided with Ayes 254, Noes 317.
• Question negatived.
• List of Members currently certified as eligible for a proxy vote is published at the end of today’s debates.