'A national and international disgrace': MPs debate Paradise Papers tax avoidance revelations – Politics live

Rolling coverage of the day’s political developments as they happen, including MPs debating and voting on the first day of the EU withdrawal bill’s committee stage

Hodge said that estimates of the amount held in tax havens vary from $7.6 trillion to $32 trillion. It is impossible to know how much tax is lost, but it runs to hundreds of millions of pounds a year, she said.

Hodge also said it was necessary to cut the influence of tax professionals on policy.

She said measures in the finance bill to tackle tax avoidance were a “small step” in the right direction. But they did not go far enough, she said.

Continue reading…

For more details, click on: 'A national and international disgrace': MPs debate Paradise Papers tax avoidance revelations – Politics live