Written question asked by Lord Taylor of Goss Moor (Liberal Democrat) on Monday, 29 October 2001, in the House of Commons. It was due for an answer on Monday, 5 November 2001. It was answered by Clare Short (Labour) on Monday, 5 November 2001 on behalf of the Department for International Development.

Dept for International Development

Question: To ask the Secretary of State for International Development, if her Department requested KPMG to assess whether the 1982 Britain-Belize Investor Protection Treaty applied to the public investment companies during the study commissioned by her Department to review the regulation of offshore financial services in Belize and the effect of tax exemptions on pro-poor programmes; when this request was made by her Department; what the conclusion of this assessment was; and if she will place in the Library a copy of KPMG's assessment. - Includes ref to 11 July 2001 at 371 c531W.

Answer: Matthew Taylor: To ask the Secretary of State for International Development if her Department requested KPMG to assess whether the 1982 Britain-Belize Investor Protection Treaty applied to the public investment companies during the study commissioned by her Department to review the regulation of offshore financial services in Belize and the effect of tax exemptions on pro-poor programmes; when this request was made by her Department; what the conclusion of this assessment was; and if she will place in the Library a copy of KPMG's assessment. [11604] Clare Short: The request was implicit in the terms of reference for the study KPMG was contracted to undertake on 11 July 2000. KPMG's conclusion on this assessment was recorded in their report on the study. I refer the hon. Member to the answer I gave on 11 July 2001, Official Report, column 531W, concerning the confidentiality of the KPMG report.

Secondary information

Type: Written question
Reference: 11604; 374 c17-8W
Session: 2001-02
Subjects: Disclosure of information Investment Financial services Exemptions Poverty Public sector Offshore funds Regulation Taxation Belize KPMG
Link: View this Written question on www.publications.parliament.uk