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Multinational Companies: Disclosure of Information

Question for Treasury

UIN 39777, tabled on 24 April 2020

To ask the Chancellor of the Exchequer, whether it remains his Department's policy to participate in the OECD joint publication of aggregate data from the country by country reporting of multinational companies.

Answered on

29 April 2020

The Government fully supports the goal of improving the measurement and monitoring of base erosion and profit shifting, and improving tax transparency.

As part of that, it supports the principle behind the publication of aggregated and anonymized Country-by-Country Reporting information as per the recommendations in BEPS Action 11 report.

It is important to ensure that data is accurate and reliable, and the Government cannot agree to publication unless it is.

Answered by

Treasury
Named day
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