division_name: Opposition Day &#8212; [17th Allotted Day] &#8212; Tax Avoidance
motion: <p class="" pid="d.851.3/1" pwmotiontext="yes">I beg to move,</p>
  
  <p class="" pid="d.851.3/2" pwmotiontext="yes">That this House notes with concern that following the revelations of malpractice at HSBC bank, which were first given to the Government in May 2010, just one out of 1,100 people who have avoided or evaded tax have been prosecuted; calls upon Lord Green and the Prime Minister to make a full statement about Lord Green&#8217;s role at HSBC and his appointment as a Minister; regrets the failure of the Government&#8217;s deal on tax disclosure with Switzerland, which has raised less than a third of the amount promised by Ministers; welcomes the proposals of charities and campaigning organisations for an anti-tax dodging Bill; and further calls on the Government to clamp down on tax avoidance by introducing a penalty regime for the general anti-abuse rule, which is currently too weak to be effective, closing the Quoted Eurobonds exemption loophole, ensuring that hedge funds trading shares pay the same amount of tax as other investors, introducing deeming criteria to restrict false self-employment in the construction industry, and scrapping the shares for rights scheme, which the Office for Budget Responsibility has warned could cost &#163;1 billion in avoidance.</p>
  
  <p class="" pid="d.860.0/1" pwmotiontext="yes">I beg to move an amendment, to leave out from &#8220;House&#8221; to the end of the Question and add:</p>
  
  <p class="" pid="d.860.0/2" pwmotiontext="yes">&#8220;notes that while the release of information pertaining to malpractice between 2005 to 2007 by individual HSBC accountholders was public knowledge, at no point were Ministers made aware of individual cases due to taxpayer confidentiality or made aware of leaked information suggesting wrongdoing by HSBC itself; notes that this Government has specifically taken action to get back money lost in Swiss bank accounts; welcomes the over &#163;85 billion secured in compliance yield as a result of that action, including &#163;850 million from high net worth individuals; notes the previous administration&#8217;s record, where private equity managers could pay a lower tax rate than their cleaners, very wealthy homebuyers could avoid stamp duty and companies could shift their profits to tax havens; further recognises that this Government has closed tax loopholes left open by the previous administration in every year of this Parliament, introduced the UK&#8217;s first General Anti-Abuse Rule, removed the cashflow advantage of holding onto the money whilst disputing tax due with HMRC, and allowed HMRC to monitor, fine and publicly name promoters of tax avoidance schemes; notes this Government&#8217;s leading international role in tackling base erosion and profit shifting; welcomes the commitment to implement the G20-OECD agreed model for country-by-country reporting and rules for neutralising hybrid mismatch arrangements; notes the role of the diverted profits tax in countering aggressive tax planning by large multinationals; supports the Government&#8217;s adoption of the early adopters initiative; and recognises that as a result the UK is collecting more tax than ever before.&#8221;</p>
  
  <p pid="d.887.4/1" pwmotiontext="yes">Question put (<phrase class="standing-order" code="31(2)" pwmotiontext="yes">Standing Order No. 31(2)</phrase>), That the original words stand part of the Question.</p>
  
  <p class="italic" pid="d.887.4/2" pwmotiontext="yes">The House divided:</p>
  
  <p pid="d.887.4/3" pwmotiontext="yes">Ayes 213, Noes 286.</p>