Double Taxation Treaties (Developing Countries) Bill

Key Points

• Creates a statutory duty on the Chancellor to align the outcomes of UK double taxation treaties with developing countries with the aims of the UK’s overseas development aid programme, specifically poverty reduction.
• Intends for tax treaties to contribute to development goals, not just avoid double taxation.
• Requires the Chancellor to report to Parliament on how each treaty meets the aid and development objectives.
• Introduced in the House of Commons as a Private Member's Bill; currently at the 2nd reading stage (as of December 2016).
• Affects the Treasury, cross-border businesses and taxpayers, and the governments and citizens of developing countries with UK tax treaties.

Progress

The bill has completed the 1st reading and is at the 2nd reading in the House of Commons; no further stages are listed in the provided material.