Employment: Offshoring
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that companies operating and earning revenue in the UK do not offshore jobs to reduce tax liabilities; and whether his Department plans to introduce legislative measures to safeguard UK workers from redundancies linked to such offshoring decisions.
Answered by Kate Dearden
Our Industrial Strategy places jobs at its heart, introducing measures to support growth sectors to create high-quality, well-paid jobs across the country, backed by employment rights fit for a modern economy.
The Global Minimum Tax, a 15% effective corporate tax rate on large multinationals in each area they operate in, protects against harmful tax planning and profit shifting.
We are updating the law so that employees must be consulted when redundancies are proposed across an organisation. The specifics of this new requirement will be set in regulations following consultation.
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