Taxation: Multinational Companies

HM Treasury written question – answered on 12th September 2017.

Alert me about debates like this

Photo of Frank Field Frank Field Chair, Work and Pensions Committee

To ask Mr Chancellor of the Exchequer, when he expects to implement public country-by-country reporting.

Photo of John Martin McDonnell John Martin McDonnell Shadow Chancellor of the Exchequer

To ask Mr Chancellor of the Exchequer, what steps his Department is taking to ensure that multinational firms file public reports on their dealings, country by country; and whether these steps affect the UK's negotiations strategy on the UK leaving the EU.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The UK is seeking multilateral agreement on a model of public country-by-country reporting (CBCR).

It is important that there is a level of international support and co-ordination that leads to both domestic and foreign headquartered groups being required to report information for a comprehensive range of countries in which they operate.

The UK has raised public CBCR with international partners and will continue to do so, including at EU level.

The Government remains determined to get the very best deal for businesses and households during the negotiations with the EU.

Does this answer the above question?

Yes0 people think so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.