Thank you for your email proposing that these corporations should pay tax. As I am sure you will appreciate, I cannot comment on an individual company's tax liabilities. However, I understand that there have been changes to the way that businesses work and I am encouraged that the Government is reviewing the taxation of the digital corporations, to ensure that all businesses pay their fair share. The UK government is leading global efforts to reform the international rules around where profit is made and where it should be taxed.
Pending this global reform, the Government is exploring potential interim measures, such as a tax on the revenue of certain digital businesses. Additionally, this country has led the way through tough new rules to crack down on multinationals shifting their profits to lower tax jurisdictions. Around £8 billion has been returned by cracking down on large multinational enterprises that are avoiding paying the correct tax in the UK. The Diverted Profits Tax has been introduced at a rate of 25 per cent on multinationals which artificially divert profits out of the UK.
I appreciate there is more work to be done, but this country has made progress in that businesses pay their fair share. The UK continues to lead worldwide efforts to reform the international rules.