Double Taxation Treaties (Developing Countries) Bill

Key Points

• It places a duty on the Chancellor to align the outcomes of double taxation treaties with developing countries with the UK’s development and poverty-reduction programme.
• It requires a parliamentary report detailing how these treaties meet the development objectives.
• It promotes considering development impact when negotiating or reviewing tax treaties with developing countries.
• It could affect how future and existing treaties with developing countries are negotiated and reviewed, with increased parliamentary oversight.

Progress

The bill is currently at the 2nd Reading in the House of Commons; if supported, it would proceed to Committee stage for detailed examination.