Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that UK firms are prevented from avoiding tax by merging with dormant EEA companies during and after the the implementation phase of the UK leaving the EU.
The Government has taken significant steps – domestically and internationally – to ensure companies must pay the right amount of tax.
The UK has consistently led international efforts to tackle multinational tax avoidance, including being at the forefront of the OECD Base Erosion and Profit Shifting (BEPS) project. Leaving the European Union will not reduce our resolve to tackle these issues.
We will continue to ensure that appropriate anti-avoidance protections are in place and remain effective during and after the implementation phase.