§ David WinnickTo ask the Chancellor of the Exchequer if he will make a statement on recent action which he has taken to ensure that the full tax liability is paid by very wealthy individuals. [51000]
§ Dawn Primarolo[holding answer 18 April 2002]: Whilst recognising the right of businesses and individuals to manage their tax affairs efficiently, the Government is committed to ensuring a fairer tax system by countering abuses and contrived avoidance schemes. Each Budget since 1997 has included measures to secure the tax base and combat avoidance by blocking tax loopholes, including those used by wealthy individuals. We will continue to stop abuses of the tax system which benefit a small minority at the expense of taxpayers generally.
My right hon. Friend the Chancellor of the Exchequer in his 2002 Budget speech reiterated this commitment when he said that, "to ensure fairness for taxpayers and businesses, we must act swiftly to close tax loopholes and be vigilant against tax avoidance". He also announced that the Government is reviewing the complex rules of residence and domicile.