A debate on public country-by-country reporting is to be held in Westminster Hall on Wednesday 22 November, at 4.30pm. The debate is sponsored by Nigel Mills MP, and is scheduled to last an hour.Jump to full report >>
Multinational enterprises (MNEs) are not required to publish details of the amounts of tax they pay in each country they have operations in, though there has been a lot of debate as to whether "public country by country reporting”, as it has been called, should be introduced – in part, in response to concerns that MNEs have been successful at exploiting the way national tax systems interact to minimise the total amount of corporation tax they pay. Further to the briefing note prepared for this debate, a longer Library paper discusses corporate tax avoidance, and international efforts to tackle it, in the context of the reforms made to corporation tax since 2010: Corporate tax reform (2010-16), SN5945, 20 June 2016.
Commons Debate packs CDP-2017-0233
Author: Antony Seely