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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 Mel Stride (Conservative) on Tuesday, 20 November 2018 on behalf of the Treasury.

Taxation: Multinational Companies

Question

To ask the Chancellor of the Exchequer, what discussions his Department has had with the Department for Business, Energy and Industrial Strategy on discussing public country by country reporting at the EU Competitiveness Council.

Answer

The UK has led international action to enhance tax transparency. This 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 Government believes a multilateral approach to public country-by-country reporting would help ensure effective implementation. The UK has raised public country-by-country reporting with international partners where appropriate and the Government has engaged with our international partners, including at EU level, on this issue.

Secondary information

Type
Written question
Reference
190357
Session
2017-19
Grouped for answer
Yes
Subjects
EU countries Taxation Trade competitiveness Multinational companies EU Competitiveness Council
Link
View this Written question on www.parliament.uk