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<p>The Treasury is committed to helping developing countries collect the tax they
are due and building the capacity of developing country tax administrations is key
to this. Working with the Department for International Development and HM Revenue
and Customs, the Treasury is supporting capacity building projects bilaterally – through
DfID country programmes and HMRC’s Capacity Building Unit – and through regional tax
organisations and International Organisations.</p><p> </p><p> </p><p>The UK strongly
supports ongoing work in the G20 and OECD to develop global solutions to corporate
tax avoidance. As part of this the UK announced it would be the first of 44 countries
to formally commit to implementing the new, common country-by-country reporting template
for multinationals to report profit and tax information to tax authorities to help
risk assessment.</p>
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