{"value":{"id":1024271,"askingMemberId":1796,"askingMember":null,"house":"Lords","memberHasInterest":false,"dateTabled":"2018-12-12T00:00:00","dateForAnswer":"2018-12-28T00:00:00","uin":"HL12265","questionText":"To ask Her Majesty's Government what steps they are taking to collect more tax revenue from large multinational companies.","answeringBodyId":14,"answeringBodyName":"Treasury","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":1091,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2018-12-20T00:00:00","answerText":"<p>The Government has taken significant steps, domestically and internationally, to ensure that multinationals pay the right amount of tax in the UK.</p><p> </p><p>The UK has led on initiating the OECD Base Erosion and Profit Shifting project and in delivering its recommendations into domestic legislation, for example the corporate interest restriction.</p><p> </p><p>In April 2015, the Government introduced the Diverted Profits Tax which seeks to counter contrived arrangements used to divert profits away from the UK.</p><p> </p><p>At Budget 2018, the Chancellor announced the introduction of the Digital Services Tax, intended to ensure that digital businesses pay UK tax which reflects the value they derive from UK users.</p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Multinational Companies: Taxation","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1024271","method":"GET"}]}