TESCO AND TAX (NO. 2)

That this House deplores the actions of Tesco in setting up companies in the Cayman Islands to avoid paying over £1 billion of taxes in the UK; believes that if the Government does not take action to deal with this practice it will lead to other companies taking similar measures to avoid paying taxes in order to compete with Tesco; notes that in order to carry out its business from day-to-day Tesco relies on a wide range of public services that are paid for with money raised from UK taxpayers; notes that Tesco's actions will starve British citizens of resources for vital services including the NHS, schools and police; further believes that Tesco has a moral obligation to pay the full amount of taxes due to the UK; and calls on the Government to investigate this matter, ensure that Tesco pays the full amount of tax due to the UK and to take steps to prevent this type of tax avoidance method from being exploited by companies in the future.