CDC: Tax Havens

(asked on 17th July 2020) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, how many and what proportion of CDC's investments in which it owns more that 20 percent are based in tax havens.


Answered by
James Duddridge Portrait
James Duddridge
This question was answered on 23rd July 2020

Wherever possible, CDC invests directly into the country in which an investee company is located. If CDC invests through an intermediate country, it does so only if the country is compliant with international tax transparency standards as monitored by the OECD’s Global Forum on Transparency and Exchange of Tax information. CDC publishes the overall tax contribution of its portfolio; the principal countries in which each investee company pays taxes; the place of incorporation; and the legal domicile of each business or collective investment vehicles in which they invest.

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