Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will discuss with his international counterparts the prospects for organising an international fair tax summit.

The UK is at the forefront of multilateral action through the G20 and the OECD to reform the international tax rules.

The UK used its Presidency of the G8 to successfully build international support for a common template for Country-by-Country reporting of tax and other financial information to tax authorities, which we have legislated to implement in line with the international agreement. We continue to play a leading role in the OECD Base Erosion and Profit Shifting (BEPS) project to ensure that profits are taxed where the economic activities that give rise to them are located.

We are also actively engaged in discussions within the EU on tax transparency and ways the EU can build on OECD work in order to ensure a coherent and effective international approach to these issues.