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1353061

registered interest
date	06/09/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Tax Havens
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he had with his European counterparts on the use of tax havens by European banks.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	43614
answer	answer is ministerial correction date of answer 09/09/2021 answer text <p>It has been a longstanding UK priority to achieve a two-pillar solution to the challenges that digitisation creates for the international tax rules.</p><p>This includes the introduction of rules that will require large multinational groups, including those in the banking and wider financial services sector, to pay a minimum level of tax on the profit they realise in each jurisdiction in which they operate.</p><p>The Government is delighted that the G20 and over 130 members of the OECD Inclusive Framework have come together to endorse this solution and the UK will continue discussions with its global partners over the coming months as it looks towards finalising the plan for implementation.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2021 13:49:08 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1349521

registered interest
date	22/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Multinational Companies: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure that the global tax deal agreed at the recent G20 will be equitable for the Global South.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	38360
answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>It has been a longstanding UK priority to achieve a two-pillar solution to the challenges that digitisation creates for the international tax rules.</p><p>Pillar One will update profit allocation rules to ensure that the profits of large multinationals are taxed where their customers are located. Pillar Two will introduce a global minimum rate of corporation tax.</p><p>Securing and implementing a final agreement on this will help stabilise the international tax framework and ensure multinational businesses pay their fair share, with the right companies paying the right amount of tax in the right place.</p><p>The Government is delighted at the recent progress made on this important issue, with G7 agreement forming the basis for an historic agreement among over 130 members of the OECD Inclusive Framework.</p><p>The final details of an agreement are still subject to international negotiation and it would not be appropriate for the Government to provide detailed impact assessments.</p><p>However, by their nature, the proposals will benefit low income countries by expanding their taxing rights and reducing the incentive to shift profits away from such jurisdictions.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 38361 38362 question first answered 06/09/2021 15:17:36 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1349522

registered interest
date	22/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Multinational Companies: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the revenues that will be apportioned to each G20 country as a result of the global tax deal agreed on 10 July 2021 in Venice.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	38361
answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>It has been a longstanding UK priority to achieve a two-pillar solution to the challenges that digitisation creates for the international tax rules.</p><p>Pillar One will update profit allocation rules to ensure that the profits of large multinationals are taxed where their customers are located. Pillar Two will introduce a global minimum rate of corporation tax.</p><p>Securing and implementing a final agreement on this will help stabilise the international tax framework and ensure multinational businesses pay their fair share, with the right companies paying the right amount of tax in the right place.</p><p>The Government is delighted at the recent progress made on this important issue, with G7 agreement forming the basis for an historic agreement among over 130 members of the OECD Inclusive Framework.</p><p>The final details of an agreement are still subject to international negotiation and it would not be appropriate for the Government to provide detailed impact assessments.</p><p>However, by their nature, the proposals will benefit low income countries by expanding their taxing rights and reducing the incentive to shift profits away from such jurisdictions.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 38360 38362 question first answered 06/09/2021 15:17:36 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1349523

registered interest
date	22/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Multinational Companies: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department will take in its negotiations to ensure that global revenues from both Pillar One and Pillar Two of the global tax deal agreed at the G20 will be apportioned to countries on the basis of the location of company employees, physical assets and sales to customers.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	38362
answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>It has been a longstanding UK priority to achieve a two-pillar solution to the challenges that digitisation creates for the international tax rules.</p><p>Pillar One will update profit allocation rules to ensure that the profits of large multinationals are taxed where their customers are located. Pillar Two will introduce a global minimum rate of corporation tax.</p><p>Securing and implementing a final agreement on this will help stabilise the international tax framework and ensure multinational businesses pay their fair share, with the right companies paying the right amount of tax in the right place.</p><p>The Government is delighted at the recent progress made on this important issue, with G7 agreement forming the basis for an historic agreement among over 130 members of the OECD Inclusive Framework.</p><p>The final details of an agreement are still subject to international negotiation and it would not be appropriate for the Government to provide detailed impact assessments.</p><p>However, by their nature, the proposals will benefit low income countries by expanding their taxing rights and reducing the incentive to shift profits away from such jurisdictions.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 38360 38361 question first answered 06/09/2021 15:17:36 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1316211

registered interest
date	19/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Developing Countries: Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect of the global minimum corporate tax rate being proposed by the US Administration on low and middle income countries.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	3974
answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3975 3976 3977 3978 3979 question first answered 24/05/2021 15:15:38 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1316212

registered interest
date	19/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of securing a global minimum corporation tax rate and a level playing field for UK businesses as part of G7 negotiations.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	3975
answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3974 3976 3977 3978 3979 question first answered 24/05/2021 15:15:38 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1316213

registered interest
date	19/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: USA
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department expressed support for the US Administration's Made in America Tax Plan including a global minimum tax rate proposed at the G7 foreign and development ministers meeting from 3 to 5 May 2021 in London.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	3976
answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3974 3975 3977 3978 3979 question first answered 24/05/2021 15:15:38 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1316214

registered interest
date	19/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: USA
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if the Government will use its presidency of the G7 to ensure the US Administration's proposed Made in America Tax Plan is on the agenda for discussions at the UK 2021 G7 summit in Cornwall.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	3977
answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3974 3975 3976 3978 3979 question first answered 24/05/2021 15:15:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1316215

registered interest
date	19/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: USA
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of risk of diplomatic isolation at the G7 summit in the event that the Government does not support the US Administration's proposed Made in America Tax Plan which seeks to introduce a global minimum corporate tax rate.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	3978
answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3974 3975 3976 3977 3979 question first answered 24/05/2021 15:15:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West

1316216

registered interest
date	19/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what his Department’s policy is on the US Administration's proposals for a global minimum corporation tax rate in the event that the Government does not secure a Digital Sales Tax in OECD Pillar One negotiations.
tabling member constituency	Hornsey and Wood Green
tabling member printed	Catherine West
uin	3979
answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3974 3975 3976 3977 3978 question first answered 24/05/2021 15:15:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4523 label Biography information for Catherine West