Written questions, answers and statements

Corporation Tax

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Question for Treasury

UIN 15359, tabled on 14 June 2021

Question

Mr Tanmanjeet Singh Dhesi
Labour
Slough
Commons

To ask the Chancellor of the Exchequer, which foreign Governments have (a) informed him of their support for a 21 per cent minimum global corporation tax rate and (b) asked the UK to support that rate.

Answer

Jesse Norman
Conservative
Hereford and South Herefordshire
Commons

Answered on

17 June 2021

The Government is delighted that the G7 has come together to back the proposals developed by the OECD to reform the international tax framework.

Reaching final agreement, with the G20 and OECD Inclusive Framework, on a two-pillar solution which reallocates taxing rights and introduces a global minimum tax would be a major multilateral achievement that introduces stability into the international tax landscape.

The details of a final agreement are still subject to international negotiation and it would not be appropriate for the Government to provide detailed commentary on those discussions.

Answered by

Treasury
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