To ask the Chancellor of the Exchequer, what recent assessment he has made of the impact of the introduction of the Pillar 2 OECD global minimum income tax on the UK economy.
Answered by
Nigel Huddleston Shadow Secretary of State for Culture, Media and Sport
This question was answered on 4th March 2024
Pillar 2 will protect the UK tax base against aggressive tax planning and reinforce the competitiveness of the UK, boosting the UK’s attractiveness as a place to do business, and raising over £12bn in the UK over the next 6 years.