Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how he plans to respond to the OECD's proposals on involvement of low income countries in development of the automatic exchange of tax payer information.

As made clear during our G8 Presidency, we are committed to helping developing countries benefit from increased tax transparency including the new global standard of automatic exchange of information. Since G20 Finance Ministers welcomed the Global Forum’s Roadmap in September, my officials and their counterparts in DfID and HMRC have engaged in discussions with a number of developing countries on the possibility of piloting implementation of the new global standard. These discussions are ongoing.