Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether his Department provides tax relief to encourage multinational mining corporations to maintain their headquarters in the UK.

Since 2010 the Government has delivered a range of reforms to encourage investment in the UK, including the establishment of headquarter operations by multinational companies. The Government has cut the main rate of corporation tax from 28% to 21% and it will fall further to 20% this April, the lowest rate in the G20. In addition, the Government has introduced the Patent Box, increased the generosity of Research & Development tax credits and modernised the UK’s Controlled Foreign Company regime.