Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had recent discussions with her G20 counterparts on a global agreement to tax the world’s richest individuals.

The UK was pleased to support the Rio de Janeiro G20 Ministerial Declaration on International Tax Cooperation, including the commitment to cooperate to ensure that ultra-high-net-worth individuals are effectively taxed.

The Government is committed to making sure that the richest in our society pay their fair share on their wealth and assets. That is why the Chancellor announced a series of reforms at the Budget on 30 October to make the tax system fairer and more sustainable.

The G20 can play an important role in helping countries implement progressive tax systems by sharing best practice, building capacity on tackling avoidance and evasion, and supporting international cooperation to increase tax transparency.