Asked by: Caroline Flint (Labour - Don Valley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions his Department has had with the Department for Business, Energy and Industrial Strategy on discussing public country by country reporting at the EU Competitiveness Council.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
The UK has led international action to enhance tax transparency. This included initiating the international work on country-by-country reporting during its G8 Presidency in 2013, and being the first country to commit to implement the OECD model for country-by country reporting with legislation in the 2015 Finance Act.
The Government believes a multilateral approach to public country-by-country reporting would help ensure effective implementation. The UK has raised public country-by-country reporting with international partners where appropriate and the Government has engaged with our international partners, including at EU level, on this issue.
Asked by: Caroline Flint (Labour - Don Valley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has discussed public country by country reporting at multilateral meetings in the last 12 months.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
The UK has led international action to enhance tax transparency. This included initiating the international work on country-by-country reporting during its G8 Presidency in 2013, and being the first country to commit to implement the OECD model for country-by country reporting with legislation in the 2015 Finance Act.
The Government believes a multilateral approach to public country-by-country reporting would help ensure effective implementation. The UK has raised public country-by-country reporting with international partners where appropriate and the Government has engaged with our international partners, including at EU level, on this issue.
Asked by: Caroline Flint (Labour - Don Valley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department has taken to secure support from EU member states for the implementation of public country-by-country reporting throughout the EU.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
The UK has led international action to enhance tax transparency. This included initiating the international work on country-by-country reporting during its G8 Presidency in 2013, and being the first country to commit to implement the OECD model for country-by country reporting with legislation in the 2015 Finance Act.
The Government believes a multilateral approach to public country-by-country reporting would help ensure effective implementation. The UK has raised public country-by-country reporting with international partners where appropriate and the Government has engaged with our international partners, including at EU level, on this issue.
Asked by: Caroline Flint (Labour - Don Valley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department has taken to secure multilateral support for public country-by-country reporting.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
The UK has led international action to enhance tax transparency. This included initiating the international work on country-by-country reporting during its G8 Presidency in 2013, and being the first country to commit to implement the OECD model for country-by country reporting with legislation in the 2015 Finance Act.
The Government believes a multilateral approach to public country-by-country reporting would help ensure effective implementation. The UK has raised public country-by-country reporting with international partners where appropriate and the Government has engaged with our international partners, including at EU level, on this issue.