§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry what plans she has to bring forward legislation requiring companies to publish in their annual reports(a) a table showing the annual (i) pre-tax profits and (ii) tax paid in each country and (b) transfer prices for intergroup transactions. [146535]
§ Mr. SutcliffeThe Companies Act 1985 already requires companies to disclose their pre-tax profits and their tax charge split between UK and non-UK. There are no plans to change these requirements, or to introduce company reporting requirements on transfer pricing. Transfer pricing is taken account of in tax legislation.