Multinational Companies: Disclosure of Information

Treasury written question – answered on 29th April 2020.

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Photo of Dan Carden Dan Carden Shadow Financial Secretary (Treasury)

To ask the Chancellor of the Exchequer, whether it remains his Department's policy to participate in the OECD joint publication of aggregate data from the country by country reporting of multinational companies.

Photo of Dan Carden Dan Carden Shadow Financial Secretary (Treasury)

To ask the Chancellor of the Exchequer, if he will make it his policy to publish aggregate data from the country by country reporting of multinational companies.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The Government fully supports the goal of improving the measurement and monitoring of base erosion and profit shifting, and improving tax transparency.

As part of that, it supports the principle behind the publication of aggregated and anonymized Country-by-Country Reporting information as per the recommendations in BEPS Action 11 report.

It is important to ensure that data is accurate and reliable, and the Government cannot agree to publication unless it is.

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