Tax Avoidance: Multinational Companies
The question
To ask the Chancellor of the Exchequer, whether she plans to introduce measures to help tackle (a) profit shifting and (b) other corporation tax avoidance methods used by multinational corporations.
Answered by James Murray
The UK is tackling profit shifting and multinational tax avoidance through measures including Corporate Interest Restriction, Country by Country Reporting, and the Global Minimum Tax. The most recent Finance Bill, introduced by this Government, put legislation in place to ensure the Global Minimum Tax operates effectively.
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