To ask Mr Chancellor of the Exchequer, if he will bring forward legislative proposals to introduce a sales tax on companies which operate in the UK and locate their headquarters overseas.

Along with most major economies in the world, the UK has a territorial tax system that levies corporation tax on profits derived from economic activity carried out here – corporation tax is not levied on either sales or turnover.

While the Government always keeps the tax system under review, in this case it is not immediately obvious that introducing a sales tax would be a suitable approach as the tax would be likely to be passed on to consumers.