Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the publication entitled OECD/G20 Inclusive Framework on BEPS: Progress Report September 2022-September 2023, published on 11 October 2023; and if he will make it his policy to (i) support the UN Africa Group’s draft resolution on the Framework Convention on International Tax Cooperation and (ii) make representations at the UN on ratification of that proposed convention by June 2025.

The UK strongly supports developing countries’ efforts to scale-up domestic resource mobilisation to finance sustainable development.

The International Development White Paper published on Monday 20^th November commits to building a stronger and fairer international tax system for all.

In line with this, the UK supports the work of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting, which allows closer international tax co-operation among more than 140 countries and jurisdictions; and the OECD/G20 Global Forum on Tax Transparency and Exchange of Information, which has 169 members and whose work has identified over EUR 41 billion of additional revenues by developing countries to date.

However, the UK, alongside many other countries, is concerned that proceeding with a UN convention on international tax at this time would not be the most effective way to achieve these goals. An explanation of Vote was published on GOV.UK on 22^nd November. [link]