Promotion Of Tax Havens By Banks In Africa

EDM number 1213 in 2013-14, proposed by Jonathan Edwards on 20/03/2014.
Categorised under the topics of Africa, Financial institutions and Taxation.

That this House commends ActionAid for its work in highlighting the activities of Barclays Bank in Africa; condemns the Bank's promotion of the use of tax havens by large businesses working in Africa; notes that banks' tax haven businesses undermine efforts by African governments to raise the money they need to pay for vital services such as health and education, thereby ending their dependency on aid; further notes that promoting tax havens goes against commitments made by the CEO of Barclays, Antony Jenkins, to ensure that Barclays acts as a force for good in Africa; and calls on Barclays Bank to change its policy of promotion and use of tax havens.

This motion has been signed by a total of 35 MPs.