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Digital Technology: Corporation Tax

HM Treasury written question – answered on 7th June 2016.

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Photo of Chi Onwurah Chi Onwurah Shadow Minister (Business, Innovation and Skills), Shadow Minister (Culture, Media and Sport)

To ask Mr Chancellor of the Exchequer, what estimate he has made of corporation tax receipts from the digital economy sector in 2015-16.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

We cannot make an estimate of the corporation tax receipts from the digital economy.

During the international work on corporate tax avoidance in the digital economy, the Organisation for Economic Co-operation and Development agreed that the digital economy cannot be ringfenced for tax purposes. This is because it is becoming impossible to say what is and is not part of the digital economy, due to digital aspects permeating the economy as a whole.

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