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Taxation: Multinational Companies

Question for Treasury

UIN 190354, tabled on 12 November 2018

To ask the Chancellor of the Exchequer, what steps his Department has taken to secure multilateral support for public country-by-country reporting.

Answered on

20 November 2018

The UK has led international action to enhance tax transparency. This included initiating the international work on country-by-country reporting during its G8 Presidency in 2013, and being the first country to commit to implement the OECD model for country-by country reporting with legislation in the 2015 Finance Act.

The Government believes a multilateral approach to public country-by-country reporting would help ensure effective implementation. The UK has raised public country-by-country reporting with international partners where appropriate and the Government has engaged with our international partners, including at EU level, on this issue.

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