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171238

registered interest
date	17/12/2014
answering body	HM 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 Mr Chancellor of the Exchequer, if he will make it his policy to require that multinational corporations produce a breakdown of their profits earned in the UK and to report all payments of royalties, interest on borrowing and transfer pricing to other tax areas.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	219227
answer	answer is ministerial correction date of answer 08/01/2015 answer text <p>At the Autumn Statement the Chancellor announced that the UK will introduce legislation to implement the G20-OECD agreed model for country-by-country reporting, which requires multinational companies to provide tax authorities with high level information on profit, corporation tax paid and certain indicators of economic activity for risk assessment.</p><p> </p><p> </p><p> </p><p>Draft legislation for Finance Bill 2015 was published on 10 December 2014 together with a Tax Information and Impact Note and an Explanatory Note.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 08/01/2015 13:49:30 answering member 1529 label Biography information for Mr David Gauke
tabling member	372 label Biography information for Austin Mitchell

171240

registered interest
date	17/12/2014
answering body	HM 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 Mr Chancellor of the Exchequer, what representations he has made to tax authorities in (a) Ireland and Luxembourg and (b) other EU countries to ensure that profits made in the UK can be taxed in the UK at UK tax rates.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	219220
answer	answer is ministerial correction date of answer 05/01/2015 answer text <p>Profit shifting by multinationals is a global problem. It is essential to look at this issue in a comprehensive and coordinated manner so that we can come up with effective solutions. The UK is at the forefront of multilateral action through the G20 and the OECD to reform the international tax standards.</p><p> </p><p> </p><p> </p><p>The UK used its Presidency of the G8 to successfully build international support for this work. We are now playing a leading role in the OECD Base Erosion and Profit Shifting (BEPS) project to reform the international tax landscape in order to ensure that profits are taxed where economic activities are performed and where value is created.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 05/01/2015 17:40:44 answering member 1529 label Biography information for Mr David Gauke
tabling member	372 label Biography information for Austin Mitchell

171251

registered interest
date	17/12/2014
answering body	HM 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 Mr Chancellor of the Exchequer, with reference to paragraph 1.243 of the Autumn Statement 2014, how he plans to assess the profits made by multinational corporations for the purpose of the diverted profits tax.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	219229
answer	answer is ministerial correction date of answer 08/01/2015 answer text <p>The legislation for the Diverted Profits Tax, and associated guidance, was published in draft form for technical consultation on the 10 December. This sets out in detail proposals as to how profits will be calculated for purposes of imposing a tax charge under the legislation. The period for technical consultation will conclude on the 4 February, after which the legislation and guidance will be finalised, with the intention of introducing this measure from 1 April 2015.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 08/01/2015 14:04:28 answering member 1529 label Biography information for Mr David Gauke
tabling member	372 label Biography information for Austin Mitchell

169384

registered interest
date	10/12/2014
answering body	HM 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 Mr Chancellor of the Exchequer, what recent representations he has received on proposals for a diverted profits tax.
tabling member constituency	Birmingham, Ladywood
tabling member printed	Shabana Mahmood
uin	218019
answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>Treasury Ministers and officials meet with, and receive representations from, a wide range of organisations and individuals in the public and private sectors, as part of the usual policy making process. As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such representations.</p><p> </p><p> </p><p> </p><p>Draft legislation for the Diverted Profits Tax was published on 10 December for technical consultation, until 4 February 2015. The measure will be effective from 1 April 2015.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 218182 question first answered 16/12/2014 16:42:52 answering member 1529 label Biography information for Mr David Gauke
tabling member	3914 label Biography information for Shabana Mahmood

169390

registered interest
date	10/12/2014
answering body	HM 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 Mr Chancellor of the Exchequer, what discussions he has had on the diverted profits tax with representatives of business (a) before and (b) after 1 October 2014.
tabling member constituency	Birmingham, Ladywood
tabling member printed	Shabana Mahmood
uin	218182
answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>Treasury Ministers and officials meet with, and receive representations from, a wide range of organisations and individuals in the public and private sectors, as part of the usual policy making process. As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such representations.</p><p> </p><p> </p><p> </p><p>Draft legislation for the Diverted Profits Tax was published on 10 December for technical consultation, until 4 February 2015. The measure will be effective from 1 April 2015.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 218019 question first answered 16/12/2014 16:42:52 answering member 1529 label Biography information for Mr David Gauke
tabling member	3914 label Biography information for Shabana Mahmood

91697

registered interest
date	12/09/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Multinational Companies: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what requirement there is for EU member states to exchange information on tax agreements between them and international companies.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	209221
answer	answer is ministerial correction date of answer 13/10/2014 answer text <p>A Member State should exchange information about a tax agreement it has made with an international company when the Member State considers that the tax agreement may result in a loss of tax in another Member State.</p><p> </p><p>This requirement is set out in the EU Council Directive 2011/16/EU on administrative cooperation in the field of taxation.</p><p> </p><p>There is no legal basis to exchange information where a Member State reaches a legal agreement with an international company on a purely domestic matter that could never directly affect the tax base of another Member State.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 13/10/2014 15:05:55 answering member 1529 label Biography information for Mr David Gauke
tabling member	372 label Biography information for Austin Mitchell