PARLIAMENTARY WRITTEN QUESTION
Corporation Tax (14 March 2017)

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.

Asked by:
Mike Kane (Labour)

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.

Answered by:
Jane Ellison (Conservative)
22 March 2017