Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of country-by-country reporting regulations on the competitiveness of the UK economy.

The Government has consistently pushed for broad international agreement on public country-by-country reporting. This will ensure that public country-by-country reporting achieves its transparency objectives of requiring multinationals to disclose information on their activities, profits and taxes paid across the full range of countries in which they operate.