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Tax Evasion

Volume 974: debated on Tuesday 27 November 1979

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asked the Chancellor of the Exchequer what measures he proposes to take to stop the evasion of capital gains tax and capital transfer tax on capital exported from the United Kingdom as a result of the removal of exchange controls.

The hon. Member's question is based on an assumption. I shall, however, be keeping the matter under careful review in conjunction with the review we have already said we are undertaking into the enforcement powers of the Inland Revenue.