Global Tax Transparency

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Bim Afolami: To ask Mr Chancellor of the Exchequer, what recent steps his Department has taken to work with other countries and multilateral institutions on ensuring global tax transparency.

Mel Stride: The UK has taken unprecedented action on tax transparency. Thanks to UK leadership, over 100 jurisdictions have now committed to automatically exchange tax information through the Common Reporting Standard. To encourage jurisdictions to commit to tax transparency standards, the UK has supported lists of non-co-operative jurisdictions at both the G20 and EU. The UK supports work in the Global Forum on Transparency and Exchange of Information for Tax Purposes and World Bank to help implement these standards, as well as directly supporting pilot projects to implement the common reporting standard in Ghana, Pakistan, and Nigeria.

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