Policy paper

Issue briefing: Taxing multinationals - tackling aggressive tax planning

This briefing explains how HMRC is working with other countries to stop some multinational businesses from avoiding payment of tax.

Detail

The UK rules for taxing multinational businesses are based on a commonly agreed set of international standards, which have not changed since they were agreed in the 1920s. This means many multinational businesses are able to place profits in countries with low tax rates regardless of where they are earned.

This briefing explains how we are working with other countries to change the international tax rules and ensure multinationals pay the right amount of Corporation Tax on their UK profits.