Multinational Companies: Tax Avoidance

(asked on 19th May 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department plans to increase the number of staff in his Department assigned to work on tackling tax avoidance by multinational companies.


Answered by
Lucy Frazer Portrait
Lucy Frazer
Secretary of State for Culture, Media and Sport
This question was answered on 24th May 2022

The Government has taken significant steps, domestically and internationally, to ensure companies pay the right amount of tax on their UK activities. That includes measures aimed at countering aggressive tax planning techniques like the introduction of the Diverted Profits Tax. It also includes taking a leading role in OECD discussions to reform the international tax framework and the agreement to a global minimum Corporation Tax as part of a two-pillar solution which helps ensure that the right companies pay the right amount of tax in the right place.

Further, the Government has ensured that HMRC has the resources it needs through investing over £2 billion in HMRC since 2010 and allocating almost £300 million additional funding in the 2021 spending review to tackle avoidance, evasion and other forms of non-compliance

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