division_name: Finance (No. 2) Bill
motion: <p class="indent" pid="d493.3/9" pwmotiontext="yes">&#8220;Now is not the time to remove tax breaks on investment&#8221;.&#8212;[Official Report, <phrase class="date" code="2021-10-27">27 October</phrase> 2021; Vol. 702, c. 283.]</p>
  
  <p class="indent" pid="d497.4/2" pwmotiontext="yes">That this House declines to give a Second Reading to the Finance (No. 2) Bill because it does nothing to help people who are struggling with the rising costs of living, who are being hit by  the cut to universal credit, or who are facing a rise in National Insurance Contributions and a freeze in the Income Tax Personal Allowance from next April, because it nonetheless cuts taxes for banking companies and derives from a Budget that will see the tax burden rise to its highest level in 70 years and announced cuts in air passenger duty for UK domestic flights, and because it fails to set out a plan to grow the UK&#8217;s economy, fundamentally reform business rates, and create better jobs for the future.</p>
  
  <p class="indent" pid="d497.4/9" pwmotiontext="yes">&#8220;a fundamental review of the system.&#8221;</p>
  
  <p class="indent" pid="d497.4/12" pwmotiontext="yes">&#8220;falls far short of the truly fundamental reform that is needed and was promised&#8221;.</p>
  
  <p class="indent" pid="d500.1/4" pwmotiontext="yes">&#8220;the risks that they pose to the UK financial system and wider economy&#8221;</p>
  
  <p class="indent" pid="d500.1/6" pwmotiontext="yes">&#8220;the costs arising from the financial crisis.&#8221;</p>
  
  <p class="indent" pid="d500.1/12" pwmotiontext="yes">&#8220;key challenge for the UK Government&#8217;s response to financial crime is a lack of investment in capabilities to respond to its policy ambition.&#8221;</p>
  
  <p class="indent" pid="d501.1/3" pwmotiontext="yes">&#8220;Knowing who ultimately owns and controls a company is an important part of the global fight against corruption, money laundering and terrorist financing.&#8221;</p>
  
  <p class="indent" pid="d501.1/5" pwmotiontext="yes">&#8220;turn this Bill into an Act, and to deliver an operational register in 2021.&#8221;</p>
  
  <p class="indent" pid="d501.1/8" pwmotiontext="yes">&#8220;The overseas entities register is one of a number of proposed corporate transparency reforms&#8221;.</p>
  
  <p class="indent" pid="d501.1/10" pwmotiontext="yes">&#8220;The Government intends to introduce legislation to Parliament as soon as parliamentary time allows.&#8221;</p>
  
  <p class="indent" pid="d501.1/15" pwmotiontext="yes">&#8220;&#163;0.9 billion cash increase over the Parliament&#8221;.</p>
  
  <p class="indent" pid="d501.1/17" pwmotiontext="yes">&#8220;the vast majority of this will not go towards tackling tax fraud, but rather to deal with the additional complexities surrounding the UK&#8217;s departure from the European Union.&#8221;</p>
  
  <p class="indent" pid="d504.0/4" pwmotiontext="yes">&#8220;to ensure that the tax&#8230;meets&#8221;</p>
  
  <p class="indent" pid="d506.0/9" pwmotiontext="yes">&#8220;Anyone who does not respond to&#8230;notices within one calendar month, or gives false information, commits a criminal offence. They could receive a 2 year prison sentence, a fine or both.&#8221;</p>
  
  <p class="indent" pid="d510.0/8" pwmotiontext="yes">&#8220;five more years of stagnant living standards at best&#8221;&#8212;</p>