On 27 February, the government published its paper setting out the UK’s approach to negotiations with the EU.
Chapter 28 on tax suggests that a comprehensive free trade agreement ‘could include commitments to the principles of tax good governance as reflected in international standards, including on tax transparency, exchange of information, fair taxation and the Base Erosion and Profit Shifting (BEPS) minimum standards’.
However, it goes on to say that the agreement ‘should not constrain tax sovereignty in any manner’.
The government says that any tax commitments should not be subject to the dispute resolution mechanism included within a free trade agreement (outlined in Chapter 32 of the paper). That chapter also stresses there will be no role for the Court of Justice of the EU in the dispute resolution mechanism.
On 27 February, the government published its paper setting out the UK’s approach to negotiations with the EU.
Chapter 28 on tax suggests that a comprehensive free trade agreement ‘could include commitments to the principles of tax good governance as reflected in international standards, including on tax transparency, exchange of information, fair taxation and the Base Erosion and Profit Shifting (BEPS) minimum standards’.
However, it goes on to say that the agreement ‘should not constrain tax sovereignty in any manner’.
The government says that any tax commitments should not be subject to the dispute resolution mechanism included within a free trade agreement (outlined in Chapter 32 of the paper). That chapter also stresses there will be no role for the Court of Justice of the EU in the dispute resolution mechanism.
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