Multinational Companies: Tax Havens

HM Treasury written question – answered on 16th March 2017.

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Photo of Ruth Cadbury Ruth Cadbury Shadow Minister (Housing)

To ask Mr Chancellor of the Exchequer, when and how the Government plans to use its powers to introduce public country-by-country reporting on tax havens; and what steps the Government is taking to obtain support from other countries for multilateral action.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

The Government has set out its objective for a comprehensive and effective model of public country-by-country reporting that is agreed on a multilateral basis, to improve transparency over businesses’ tax affairs and restore public trust in the tax system.

The UK will continue to work with international partners on that objective. This includes our continued participation in the discussions on the European Commission’s proposal.

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