Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if his Department will research international best practise better to tackle international corporate tax criminality.
The UK works with its international partners at the Financial Action Task Force (FATF) on Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) to tackle illicit financial flows, including those relating to tax criminality. The FATF’s global standards on AML/CTF, which were most recently agreed in 2012, require countries to criminalise both indirect and direct tax crimes as a predicate offence to money laundering. FATF countries are then periodically evaluated against these standards.