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min answer › question first answered	2016-10-31T14:46:34.14Z
uin	117792
answer › answering member › label	Biography information for Mel Stride

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

802105

registered interest

date

06/12/2017

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Multinational Companies: Taxation

house id

legislature

25259

	pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, whether he will take steps to require multinational companies to set out in their annual report how much tax they would owe the Exchequer if they were to subtract costs incurred solely in the UK from their revenues generated solely in the UK.

tabling member constituency

Birkenhead

tabling member printed

Frank Field

uin

117792

answer

is ministerial correction

date of answer

14/12/2017

answer text

Along with most major economies in the world, the UK levies corporation tax on the basis of the profits generated by economic activity and assets held here. The Government introduced country-by-country reporting which requires multinationals to provide HMRC with comprehensive information about global activities, profits and taxes. This enables HMRC to better assess where risks lie and where their efforts to counter aggressive tax planning and tax avoidance should be focused. The UK is committed to a multilateral model of public country-by-country reporting and we will continue to engage with our international partners on this issue.

answering member constituency

Central Devon

answering member printed

Mel Stride

question first answered

14/12/2017 14:45:29

answering member

3935

	label	Biography information for Mel Stride

tabling member

478

	label	Biography information for Lord Field of Birkenhead