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Foreign Income (Taxation)

Volume 19: debated on Monday 8 March 1982

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asked the Chancellor of Exchequer whether he is satisfied that the increase in the amount of taxed and untaxed income from abroad declared in 1980–81 is fully consistent with the increase in assets held overseas since May 1979.

I refer the hon. Member to my answer of 2 December 1981 [Vol. 14, c. 130]. Since the information as to income is not available, it is not possible to make a comparison with assets held.