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Proceeding contribution from Lord Purvis of Tweed (Liberal Democrat) in the House of Lords on Monday, 21 November 2022. It occurred during Debates on delegated legislation on Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022.


Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022

I am grateful for that. One area that the EU is looking at is effectively a punitive exit tax: those who have assets in one area and seek to dispose of them in another will be penalised through taxation. Effectively, if the sanction does not get them at the start, it will get them at the end. That would be an absolutely critical area where there must be no difference across our allies. Will the Minister please consider that? It is an area where there cannot be any difference at all.


Secondary information

Type
Proceeding contribution
Reference
825 c1180 
Session
2022-23
Chamber / Committee
House of Lords chamber
Subjects
Alcoholic drinks Finance Exports Investment Insurance International cooperation Imports Oil Trade Shipping Sanctions Russia Gold Liquefied natural gas Freezing of assets
Legislation
Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022
Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022
Link
View this Proceeding contribution on hansard.parliament.uk