Written Question·Treasury·UIN 108752

Multinational Companies: USA

Tabled: 27 January 2026

Answered: 2 February 2026

Named Day

Question

Ben Lake

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of recent exemptions or carve-outs granted to large United States multinational enterprises under the OECD/G20 Inclusive Framework on Base Erosion and

Answer

Dan Tomlinson

The UK, with more than 140 members of the G20/OECD Inclusive Framework have reached agreement on a package of reforms to the Pillar 2 Global Minimum Tax system to address how it should interact with US minimum tax rules. As set out in my written statement...

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