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Corporate Taxation And OECD Proposals

EDM number 523 in 2015-16, proposed by Roger Godsiff on 14/10/2015.
Categorised under the topics of Companies and Taxation.

That this House supports the proposals put forward by the OECD in a reform programme announced in October 2015 to make it harder for firms to move profits to tax havens; welcomes the commitment by the Chancellor to bring forward legislative proposals to enact those reforms, but believes that the OECD was wrong in not tackling the most blatant abuse, known as transfer pricing, which makes it easy for corporations to escape corporate taxation; agrees with the Chancellor's tweet from the International Monetary Fund annual meeting in Peru in October 2015, which said that taxes should be paid where profits are made; and believes that the Chancellor, when introducing legislation to implement the OECD proposals, should go further and should introduce the system used in the US whereby instead of taxing the subsidiaries of multinational groups as if they were separate entities, corporations are taxed on their consolidated global profits based on the share of sales made by the multinational group in the UK.

This motion has been signed by a total of 10 MPs.

MPDateConstituencyPartyType
Roger Godsiff14/10/2015Birmingham, Hall GreenLabourProposed
Alan Meale15/10/2015MansfieldLabourSeconded
Jim Shannon15/10/2015StrangfordDUPSeconded
Alasdair McDonnell20/10/2015Belfast SouthSocial Democratic and Labour PartySeconded
Ronnie Campbell21/10/2015Blyth ValleyLabourSeconded
Kelvin Hopkins21/10/2015Luton NorthLabourSeconded
Jim Cunningham21/10/2015Coventry SouthLabourSigned
Chris Law22/10/2015Dundee WestScottish National PartySigned
Kate Osamor26/10/2015EdmontonLabour/Co-operativeSigned
Yasmin Qureshi02/11/2015Bolton South EastLabourSigned

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