That this House notes recent research showing that the British Overseas Territory of Bermuda is a major hub for oil industry tax avoidance, and hosts the headquarters of three of the world’s top ten oil drilling contractors, four of the world’s ten biggest oil tanker companies, Shell and Chevron offices, and industry insurance companies; further notes the Iran war means oil companies are securing record profits, which Bermuda helps them avoid taxes on; and calls on the Foreign, Commonwealth and Development Office to investigate what further actions can be taken to stop the oil industry using British territories to avoid taxes around the world.
Signatories (24)
- Clive Lewis Sponsor
- Andrew George
- Neil Duncan-Jordan
- Jon Trickett
- Siân Berry
- Dr Ellie Chowns
- Carla Denyer
- Adrian Ramsay
- Cat Eccles
- Ayoub Khan
- Iqbal Mohamed
- Dr Simon Opher
- Bell Ribeiro-Addy
- Sammy Wilson
- Valerie Vaz
- Olivia Blake
- Chris Hinchliff
- Nadia Whittome
- Kim Johnson
- John McDonnell
- Andy McDonald
- Richard Burgon
- Imran Hussain
- Ian Byrne
Source
UK Parliament EDM data