UPDATE: The Report Stage is due to conclude by 11pm tonight
The new Clause that has been tabled by Stephen Williams is due to be voted on tonight. There is an outside chance that the vote will not take place and the Clause is not considered, but we are working to ensure this doesn't take place.
As it looks likely that there will a vote, we hope that the Government is minded to accept the changes and incorporate our proposals into the Bill. We will keep you posted.
Yesterday, ActionAid campaigners met with Labour MPs on College Green to show their support for a change in the Finance Bill that would mean that the effects of tax policy on developing countries would be taken into account by the Government – a move that could substantially help developing countries recoup some of the estimated £4bn that they lose to tax avoidance.
Hundreds of MPs have backed ActionAid’s call to ensure that the Treasury produces an assessment of the likely impact of changes to tax rules on developing countries. Sustainable tax revenues are the only way in which developing countries will become independent of aid in the long-term.
The Finance Bill today entered into the Report Stage, where all MPs hear the outcome of debates held by members of the Committee. This is a chance for all MPs to raise the issue and make sure that the Government think again on the Budget.
We hope that MPs will take this opportunity to support measures – such as the new clause that has been laid by Liberal Democrat MP, Stephen Williams – to improve the Finance Bill and help stop poorer countries losing billions to tax avoidance.