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Written question asked by Caroline Flint (Labour) on Monday, 12 November 2018, in the House of Commons. It was due for an answer on Wednesday, 14 November 2018. It was answered by Kelly Tolhurst (Conservative) on Monday, 19 November 2018 on behalf of the Department for Business, Energy and Industrial Strategy.

Multinational Companies: Tax Avoidance

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans the UK Government has to raise the issue of public country by country reporting at the EU Competitiveness Council meeting on 29 November 2018.

Answer

The UK has led international action to enhance tax transparency. This has included initiating the international work on country by country reporting during its G8 Presidency in 2013, and being the first country to commit to implement the OECD model for country by country reporting with legislation in the 2015 Finance Act.

The issue of public country by country reporting is not on the agenda for the EU Competitiveness Council (internal market and industry day) taking place on 29 November 2018, as agreed by EU Ambassadors. The UK has no plans to raise the issue at this meeting, although we would have no objection to another Member State raising it.

The Government believes a multilateral approach to public country by country reporting would help ensure effective implementation.

Secondary information

Type
Written question
Reference
190353
Session
2017-19
Grouped for answer
Yes
Subjects
Tax avoidance Multinational companies EU Competitiveness Council
Link
View this Written question on www.parliament.uk