To ask the Chancellor of the Exchequer, what discussions she has had with her international counterparts on the potential merits of a UN Tax Convention.

The UK is committed to working with all stakeholders to ensure inclusive and effective international tax cooperation, and has been actively engaging with developing and developed countries in negotiations at the UN over a future Tax Framework Convention.

The UK believes that a UN Tax Framework Convention has the potential to further advance international tax cooperation, but to be successful, it needs to be clear in its aims, avoid duplicating existing initiatives, and seek to secure the broad support and participation of members.

The UK was disappointed that these principles were not fully reflected in the Terms of Reference agreed by the UN Ad Hoc Committee in August, but will continue to engage constructively in support of key principles for strengthening international tax cooperation.