Multinational Companies: Disclosure of Information

(asked on 24th April 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make it his policy to publish aggregate data from the country by country reporting of multinational companies.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 29th April 2020

The Government fully supports the goal of improving the measurement and monitoring of base erosion and profit shifting, and improving tax transparency.

As part of that, it supports the principle behind the publication of aggregated and anonymized Country-by-Country Reporting information as per the recommendations in BEPS Action 11 report.

It is important to ensure that data is accurate and reliable, and the Government cannot agree to publication unless it is.

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