questionText: To ask the Chancellor of the Exchequer, whether she has made an assessment of whether the UK's tax treaty arbitration arrangements allow multinational companies to delay the collection of UK tax in transfer pricing and Diverted Profits Tax disputes; and whether the Government will review those arrangements to ensure that profits generated in the UK are taxed fairly in the UK and that UK tax revenues are protected.
answerText: There is no special provision or allowance under the UK’s tax treaties for the suspension or deferral of tax payments by multinational companies. For transfer pricing cases, HMRC may suspend collection of the disputed tax while a Mutual Agreement Procedur...
heading: Multinational Companies: Taxation