Maintaining a broad tax base with low tax rates has contributed successfully to our economic development and strong employment growth. In order to protect the tax base it is essential that tax avoidance schemes and loopholes are tackled vigorously when they come to attention. By tax avoidance schemes, I mean the unintended use of certain tax provisions. These should not be confused with specific tax incentive schemes introduced to encourage certain investments or behaviour. I have a proven record in tackling tax avoidance schemes and closing loopholes. A range of provisions throughout the Bill are designed to put a stop to such schemes or tighten legislation to ensure reliefs are focused on the intended objectives.