asked the Secretary of State for Foreign and Commonwealth Affairs what is the level of income tax in the Falkland Islands; what information he has as to the levels of banking and commercial secrecy; if he has any evidence of use of the Falkland Islands as a tax haven; and if he will make a statement.

In the current financial year, personal income tax in the Falkland Islands is chargeable as follows:

	Per cent.
On the first £500 of chargeable income	20
On the next £500 of chargeable income	25
On the next £6,500 of chargeable income	30
On the next £2,500 of chargeable income	40
On the remainder of chargeable income	50

Deductions that may be claimed:	£
Personal income	2,100
For wife	1,200
Wife's earned income relief	12,100
Dependent relative	650
Insurance premium or pension fund contribution	2
1 Maximum.
2 Up to one-sixth of total income after deducting wife's earned income relief.

Banking in the Falkland Islands is regulated by the 1972 Ordinance no. 7 for the licensing and control of banking in the colony. A copy and subsequent amendments have been laid in the Library of the House. We have no evidence of the use of the Falkland Islands as a tax haven.