Jonathan Ashworth – 2016 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Jonathan Ashworth on 2016-05-04.
To ask Mr Chancellor of the Exchequer, what discussions he has had with the Minister for the Cabinet Office on promoting a fair global tax system at the Anti-Corruption Summit in May 2016.
Mr David Gauke
Treasury Ministers are in regular dialogue with Cabinet colleagues on a range of issues.
This Government has played a leading role in tackling avoidance and aggressive tax planning, driving fundamental reform of the international tax rules and standards. We helped initiate the G20-Organisation for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting Project to make sure multinationals pay tax on profits where the economic activities that give rise to these are located. We have led the way in terms of implementation; legislating for the OECD model for country-by-country reporting to tax authorities, and adopting the OECD recommendations for hybrid mismatch arrangements and interest restriction.
At the Anti-Corruption Summit, we will seek to galvanize a global response to tackle corruption, as well as dealing with issues including corporate secrecy, government transparency, the enforcement of international anti-corruption laws, and the strengthening of international institutions. It will be an important opportunity for the Government to make the case for further international action on tax transparency.
