Ian Lavery – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Ian Lavery on 2015-02-11.

To ask Mr Chancellor of the Exchequer, whether his Department provides tax relief to encourage multinational mining corporations to maintain their headquarters in the UK.

Mr David Gauke

Since 2010 the Government has delivered a range of reforms to encourage investment in the UK, including the establishment of headquarter operations by multinational companies. The Government has cut the main rate of corporation tax from 28% to 21% and it will fall further to 20% this April, the lowest rate in the G20. In addition, the Government has introduced the Patent Box, increased the generosity of Research & Development tax credits and modernised the UK’s Controlled Foreign Company regime.