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, if he will publish the UK’s company level data from country by country reporting of multinational companies.

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

The UK receives Country-by-Country reports from multinational companies under the OECD BEPS Action 13 framework.

As set out in that framework, the primary purpose of CbCR is to assist tax administrations in conducting high-level risk assessments for transfer pricing and BEPS purposes.

The UK’s CbCR information must be treated in accordance with the internationally agreed data confidentiality standards and used only for the agreed purposes as codified in the relevant treaty.

To that end, individual reports received under the OECD framework cannot be published.

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