Corporation Tax:Written question - 67995

Q
Asked by Mike Kane
(Wythenshawe and Sale East)
Asked on: 14 March 2017
HM Treasury
Corporation Tax
Commons
To ask Mr Chancellor of the Exchequer, whether when considering rates of UK corporation tax it is his Department's policy to take into account the spillover effect that a reduction in the UK's rate of corporation tax would have on other countries.
A
Answered by: Jane Ellison
Answered on: 22 March 2017

The Government is cutting the rate of corporation tax to 17% by 2020 to deliver a tax system that better supports growth and innovation. The Government has no current plans to conduct a spillover analysis.

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.

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