Multinational Companies: Government Assistance

(asked on 18th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to ensure that businesses headquartered in a recognised tax haven do not receive taxpayer-funded covid-19 support.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 2nd June 2020

The Government has introduced an unprecedented package of support.

This has been targeted at the businesses and individuals who most need assistance, while ensuring that the measures are simple, certain and introduced in a timely manner to protect livelihoods.

The Government expects everyone to act responsibly by only claiming and using support as intended, and is keeping measures under regular review.

The Government continues to be at the forefront of global action to tackle tax avoidance, with a series of robust measures in place to tackle profit shifting arrangements.

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