questionText: To ask the Chancellor of the Exchequer, with reference to her Oral Statement of 21 May 2026 on Middle East: Economic Response, Official Report, columns 731-733, what estimate she has made of the amount of annual revenue from the proposed changes to the taxation of foreign branch profits in each of the next five financial years; and whether these figures have been certified by the Office for Budget Responsibility.
answerText: The reforms to the taxation of foreign branch profits will ensure that profit attributable to UK activities is effectively taxed in the UK. The reforms are expected to raise hundreds of millions of pounds per year, supporting the Government's package of e...
heading: Multinational Companies: Taxation