Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if his Department will conduct a spillover analysis to examine the international effects of UK tax policy of a similar character to those undertaken by the governments of the Netherlands and Ireland.

The government has no current plans to conduct a spillover analysis, which it does not believe would be a useful exercise.

The government is committed to a competitive and fair tax system, and has led international efforts to tackle tax evasion and avoidance while supporting developing countries to implement tax reforms. Through the G20 we have commissioned the international organisations to develop toolkits to assist developing countries to implement the Base Erosion and Profit Shifting (BEPS) outcomes as well as funding assistance to help developing country tax authorities tackle multinational tax avoidance.

The UK is a founder member of the Addis Tax Initiative, which commits the UK to double its Overseas Development Assistance spend on tax capacity building by 2020 and to work to make international tax reform more accessible to developing countries.