A Bill to require country by country public reporting for all multinational companies; to strengthen controlled foreign company rules and overseas bond rules; to establish a public register of beneficial ownership, including in the Crown Dependencies and Overseas Territories; to introduce a penalty regime for the General Anti-Abuse Rule; to measure the impact of tax regimes on developing countries; to establish a commitment to use the international aid budget to strengthen tax systems in developing countries; and for connected purposes.
House of Commons
27 March 2015
The bill aims to boost tax transparency and fairising by requiring country-by-country public reporting for all multinational companies, and by tightening rules that allow profit shifting. It also creates a public register of beneficial ownership including Crown Dependencies and Overseas Territories, strengthens penalties for tax avoidance, and commits some of the aid budget to helping developing countries improve their tax systems.
The bill is at the second reading in the House of Commons, where MPs discuss its general principles before moving on to more detailed scrutiny.
Generated 21 February 2026
This Bill was introduced to Parliament on 25 March 2015 under the Ten Minute Rule.
The 2014-15 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
