Written question asked by Lord Taylor of Warwick (Non-affiliated) on Thursday, 15 March 2018, in the House of Lords. It was due for an answer on Thursday, 29 March 2018. It was answered by Lord Bates (Conservative) on Thursday, 29 March 2018 on behalf of the Treasury.
Foreign Companies: USA
- Question
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To ask Her Majesty's Government what assessment they have made of the impact of taxing the revenue from large United States technology companies operating and investing in the UK, and in particular, on investment by such companies in the UK.
- Answer
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The government has set out its receptiveness to exploring interim measures with like-minded countries, such as a tax on revenues, to tax certain digital businesses which generate value from UK users. Any such tax would be designed to compensate for unrecognised user-created value pending wider reform of the international corporate tax system. The effects of any such tax would depend on its scope, rate and detailed design.
Secondary information
- Type
- Written question
- Reference
- HL6421
- Session
- 2017-19
- Subjects
- Foreign companies Taxation Technology USA Foreign investment in UK
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2018-03-29 16:18:10 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL6421
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL6421
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL6421