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, whether her Department has made an impact assessment of the proposed reforms to foreign branch profits taxation on the level of (a) Exchequer revenues, (b) business investment, (c) employment in the energy sector and (d) energy prices for consumers.
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