There is no internationally recognised definition of a \u201ctax haven.\u201d CDC respects the tax policies of governments and supports their ability to tax. Whilst the development of domestic tax policy is the responsibility of governments, CDC requires its investee companies to approach tax is a responsible manner. CDC requires that: investee companies should be compliant, should not engage in base erosion and profit shifting, and should not engage in egregious tax planning.<\/p>
Wherever possible, CDC invests directly into the country in which an investee company is located. If CDC invests through an intermediate country, it does so only if the country is compliant with international tax transparency standards as monitored by the OECD\u2019s Global Forum on Transparency and Exchange of Tax information.<\/p>
CDC\u2019s policy on the payment of taxes and the use of offshore financial centres is available on CDCs website. This policy has been agreed with DFID and is reviewed annually.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4584", "label" : {"_value" : "Biography information for Baroness Sugg"} } , "answeringMemberPrinted" : {"_value" : "Baroness Sugg"} , "dateOfAnswer" : {"_value" : "2020-08-04", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-08-04T15:30:30.997Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "20"} , "answeringDeptShortName" : {"_value" : "International Development"} , "answeringDeptSortName" : {"_value" : "International Development"} , "date" : {"_value" : "2020-07-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "CDC: Tax Havens"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government whether they have any plans to prohibit CDC Group from investing in companies based in tax havens or linked to companies based in tax havens.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4719", "label" : {"_value" : "Biography information for Baroness Bennett of Manor Castle"} } , "tablingMemberPrinted" : [{"_value" : "Baroness Bennett of Manor Castle"} ], "uin" : "HL7076"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }