Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of agreeing a UN tax convention on reform of global tax rules.

The Government believes that the UN has an important role to play in promoting greater participation within the international tax system and promoting better implementation of existing tax rules and standards across the world. The UK actively engages with the UN’s work on tax policy and provides expertise to the work of the various subcommittees on tax.

The Government also cares deeply about ensuring that mechanisms for formulating and implementing international tax rules and standards are effective as well as inclusive. Therefore, the UK believes that the OECD, including the Inclusive Framework (with over 130 members) and the Global Forum (with over 160 members) is best-placed to deliver consensus-based reform to international tax rules. This comes as a result of the strong expertise that sits within the OECD and the steps taken in recent years to become ever more inclusive of the needs of developing countries.