Stephen McPartland MP
Working hard for you
in Stevenage, Knebworth, Codicote, Datchworth and Aston

The last few weeks have created a shock wave in corporate Britain as companies tax payments in the UK have come under scrutiny. There is a growing anger and concern that some large companies are hiding behind complex accounting rules that may be strictly legal, but are considered to be unethical by the public. The problem of missing billions in tax is not just a problem in the UK, it is worldwide and does the greatest damage to poor and developing countries who cannot stand up to massive corporations.

I recently met with Christian Aid supporters when the Tax Justice Bus tour came to my constituency of Stevenage.  The tax justice campaigners believe that tax dodging by international companies costs the UK around £35 billion and developing countries an estimated $160 billion per year. Just imagine the dramatic difference such a huge sum of money would make if it was available to invest in public services, infrastructure and other vital services essential for economic growth.

An effective tax system plays a vital part in promoting wealth creation in developing countries. The lost revenue is much larger than our international aid budget and as the British public give money to help with one hand, some large companies are taking much more away with the other.

It is time for a concerted international effort to tackle corporate tax avoidance and for multinational companies to actually commit to tax transparency.  I know governments from all around the world will agree with the sentiments of greater tax transparency, but they will struggle to introduce it as every nation competes in the global race. Therefore, it will be up to the companies themselves to lead the way and they will only do that if their customers, the British public in many cases, drag them kicking and screaming towards tax transparency and a fairer tax system for us all.

We can start that journey today by asking the FTSE 100 to lead the way and commit to corporate tax transparency. Today, I have written to the Chief Executives of all the FTSE 100 companies to ask them individually if they are willing to pledge their support for corporate tax transparency and if they will support a new international accountancy standard for country-by-country reporting.

The current international accounting standards only require multinational companies to report accounts on a global consolidated basis, which makes it incredibly difficult to know where taxable economic activities are occurring and where profits are declared. Companies, particularly multinational corporations move billions of pounds of profit between jurisdictions to reduce their tax bill. Large companies are allegedly manipulating their company’s centre of interest by using holding companies, offshore accounts and  intellectual property rights.

A recent parliamentary enquiry by the International Development Select Committee recommended 'requiring each UK-based multinational corporation to report its financial information on a country-by-country basis including the names of all companies belonging to it and trading in each country, its financial performance in each country, its tax liability in each country, the cost and net book value of its fixed assets in each country, and details of its gross and net assets in each country'.

Transparency is vital, so I will be publishing a list of all the company responses I receive so that the general public know which FTSE 100 companies are willing to sign up to tax transparency and which are not. Everyone of us can then decide individually whether the biggest companies in Britain really do care about the poorest in our society at home and abroad.

Around 1,700 adults and children in Stevenage are receiving warfarin, which prevents clotting of blood.  Self-monitoring can help patients in many ways and Stephen McPartland MP is supporting a new campaign to give long-term warfarin patients greater choice in the management of their condition.

Stephen said, “I am delighted to be supporting this important campaign to help people in Stevenage and the rest of England who are receiving warfarin treatment.  Allowing patients the option to self-monitor could make a huge difference with better control and greater freedom over their lives.”

David Lloyd, Conservative candidate to be Hertfordshire's first Police Commissioner is pictured along with local MP Stephen McPartland during a recent visit to Stevenage.

Voting for the Police Commissioner elections is being held today, Thursday, November 15th.

Join Stevenage MP, Stephen McPartland in voting for Isabel Bauckham as Digital Hero of the year. The Digital Heroes Awards recognises people who harness digital technology to bring about positive social change in their communities.

Stephen said, “Here in Stevenage we have a great new project led by Isabel Bauckham of Crossroads Care which focuses on getting carers connected. The project provides carers with the skills to use the internet confidently, helping them to alleviate their social isolation and stress and enabling them to be more independent. The training, provided by volunteers, takes place in carers' homes or within workshops.”

Many volunteers have been recruited from local businesses, schools and colleges, and groups working to improve relationships between the generations. Isabel Bauckham said, "Many of the carers we support are elderly, and while they do not have any internet skills they are eager to learn."

Vote for Isabel Bauckham here

Local MP Stephen McPartland and the Rt. Rev Paul Bayes, Bishop of Hertford, welcomed the Christian Aid Tax Justice bus as it stopped at Stevenage town square as part of a tour to highlight the injustice of global tax dodging.

Stephen said, “I am very happy to be here supporting the campaign for tax justice. Tax dodging hurts everybody and I fully support more transparency.”

Global tax dodging robs countries of the taxes owed to them: money that could be spent on essential services such as health, education and welfare; and costs the UK an estimated £35 billion a year at a time of austerity and Government cuts. The campaign is pushing for a series of measures to requirecompanies to report on the profits that they make and the taxes that they pay in every country in which they operate and for tax havens to share information automatically with other countries about the money flowing through them.

I rebelled against the Government and voted to reduce the money we send to the European Union. I could not stand by and allow more money to be sent to Europe while we are having to make difficult decisions in the UK to clear up the financial mess left behind by the Labour Government.

It is important to me that I always make decisions for what I believe are the right reasons and I will continue to stand up for local people.

Stephen McPartland, Member of Parliament for Stevenage

Stevenage MP, Stephen McPartland, join a group of over 50 local people to walk along a section of the dried river bed of the River Beane close to Aston in support of the current campaign to restore water flow, and with it local wildlife, by reducing the amount of abstraction.

Stephen said, "It is clear from our walk on Friday that local people care deeply about the River Beane and want to see it restored. The river plays an important part in many of our lives and is highly valued by the local community. It is one of only 200 chalk rivers left in the world and it should be recognised for its global significance. I am delighted to be working in partnership with the campaign to reduce abstraction and restore water to the river."

 

Stephen McPartland, MP for Stevenage, is backing the fight against breast cancer by taking part in the wear it pink Breast Cancer Campaign.

Stephen said, “I am happy to support wear it pink and help raise awareness of the Breast Cancer Campaign. It is important to continue supporting research so that one day we may find a cure.”

Now in its 10th year, this year's wear it pink day is on Friday 26 October. Breast Cancer Campaign is asking everyone to pull on something pink and donate £2.00, to help the charity achieve its target of raising £2 million, so they can continue to fund ground-breaking research and improve survival rates for those 48,000 women and 340 men who are diagnosed with breast cancer every year.

The Rt Hon Sir George Young Bt CH MP was the guest speaker at Stevenage Conservatives Annual Dinner when he took the call from the Prime Minister asking him to become the new Chief Whip.

Stephen McPartland, Member of Parliament for Stevenage said, "The atmosphere was electric and everyone knew something was happening. There was a huge round of applause when the new post was announced.  Everyone was very pleased Sir George had accepted our invitation to speak when Leader of the House of Commons, then arrived at our event as a backbencher after the reshuffle and was leaving as Chief Whip."

Stephen added, "Sir George is a real gentleman and insisted on giving his speech to our guests before he returned to London to take up position as Chief Whip. I am sure we will have a queue of people wanting to speak next year as they hope a little of our Stevenage luck rubs off on them."

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