Jim Shannon – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jim Shannon on 2016-04-11.

To ask Mr Chancellor of the Exchequer, what plans he has to change the terms of tax conditions for UK multinational companies operating in Malawi.

Mr David Gauke

The taxation of UK companies operating in Malawi is governed by Malawian domestic tax law, where necessary modified by the terms of the UK/Malawi double taxation tax treaty. Negotiations between the two countries on a replacement treaty are substantially complete and the Malawian government has stated that it hopes to be in a position to sign the new treaty in the near future.