Multinational Companies: Taxation
The question
To ask the Chancellor of the Exchequer, whether she plans to require public country-by-country reporting by multinational corporations on (a) taxation and (b) where companies are (i) trading and (ii) making profits.
Answered by James Murray
The UK is at the forefront of Pillar 2 implementation, ensuring that large multinational enterprises are subject to an effective tax rate of at least 15% in each jurisdiction they operate. The government does not have plans to make country-by-country reports public, but will keep the position under review.
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