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- Sitting 5
11 June 2020
Type
Public Bill Committee
At a Glance
Issue Summary
The statement addresses the introduction and timing of tax law changes aimed at addressing revenue generation and ineffective tax rules.
Action Requested
The MP highlights the government's proactive approach to implementing progressive tax changes, including diverted profits tax, base erosion and profit-shifting measures, and corporate interest restriction rules. The speaker also discusses the impact of these changes on high street businesses and their evolving hybrid models with online components.
Key Facts
- The Government has been at the forefront of progressive tax changes in recent years.
- Tax law changes include diverted profits tax, base erosion and profit-shifting measures, corporate interest restriction rules, and private country-by-country reporting rules.
- High street businesses have evolved to incorporate online components but will not be significantly affected by the new tax due to their size.
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Assessment & feedback
Summary accuracy