Written question asked by Bob Stewart (Conservative) on Thursday, 30 June 2022, in the House of Commons. It was due for an answer on Monday, 4 July 2022. It was answered by Lucy Frazer (Conservative) on Thursday, 7 July 2022 on behalf of the Treasury.
Corporation Tax
- Question
-
To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the OECD's global minimum corporation tax proposals on costs for UK businesses.
- Answer
-
The OECD’s Two Pillar Solution to the process of digitalisation represents a major reform of the international tax framework and will help to ensure multinational businesses pay their fair share, with the right companies paying the right amount of tax in the right place.
Both Pillars 1 and 2 will be subject to the standard tax policymaking process, with their impacts formally assessed through the OBR forecast process.
Secondary information
- Type
- Written question
- Reference
- 28409
- Session
- 2022-23
- Subjects
- Costs Business Corporation tax Organisation for Economic Co-operation and Development
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-07-08 13:22:26 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/28409
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/28409
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- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/28409