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710928

registered interest
date	14/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether when considering rates of UK corporation tax it is his Department's policy to take into account the spillover effect that a reduction in the UK's rate of corporation tax would have on other countries.
tabling member constituency	Wythenshawe and Sale East
tabling member printed	Mike Kane
uin	67995
answer	answer is ministerial correction date of answer 22/03/2017 answer text <p>The Government is cutting the rate of corporation tax to 17% by 2020 to deliver a tax system that better supports growth and innovation. The Government has no current plans to conduct a spillover analysis.</p><p> </p><p>The Government is committed to a competitive and fair tax system, and has led international efforts to tackle tax evasion and avoidance while supporting developing countries to implement tax reforms.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 22/03/2017 14:09:07 answering member 3918 label Biography information for Jane Ellison
tabling member	4316 label Biography information for Mike Kane

710929

registered interest
date	14/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Multinational Companies: Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he has taken to deter UK-headquartered multinational companies from using tax havens to avoid paying tax in developing countries.
tabling member constituency	Wythenshawe and Sale East
tabling member printed	Mike Kane
uin	67925
answer	answer is ministerial correction date of answer 22/03/2017 answer text <p>The UK has been at the forefront of the OECD Base Erosion and Profit Shifting (BEPS) Project to address the issue of multinational companies shifting profits to low or no tax locations where there is little or no economic activity.</p><p> </p><p>We have been participating in the ‘Inclusive Framework on BEPS Implementation’, which brings together 94 developed countries and developing countries to implement the BEPS outcomes. Through the G20 we have commissioned toolkits to assist developing countries in implementation.</p><p> </p><p>We have also funded assistance to help developing country tax authorities tackle tax avoidance by multinational companies, such as supporting the OECD’s Tax Inspectors Without Borders initiative, which has raised over $260 million additional revenue for developing countries.</p><p> </p> answering member constituency Battersea answering member printed Jane Ellison question first answered 22/03/2017 14:11:16 answering member 3918 label Biography information for Jane Ellison
tabling member	4316 label Biography information for Mike Kane