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Oral question asked in the House of Lords, by Lord Davies of Oldham (Labour). It was answered on Wednesday, 9 January 2013.


Taxation: Tax Havens

Question

My Lords, although I welcome the progress made with the Channel Islands and the Isle of Man, perhaps I may ask the noble Lord on what basis Crown dependencies and overseas territories could refuse information to the Government on this crucial issue.

Answer

As the noble Lord knows, my Lords, any arrangement with any overseas territory or Crown dependency has to be a formal arrangement and agreement. We are not a dictator going into these countries. We are negotiating agreements with them on the FATCA principles and I hope very much that we will conclude those agreements relatively soon.


Secondary information

Type
Oral question
Reference
742 c127 
Session
2012-13
Oral question type
Supplementary
Chamber / Committee
House of Lords chamber
Subjects
Tax havens
Link
View this Oral question on www.publications.parliament.uk