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Offshore Tax Havens

Volume 401: debated on Friday 14 March 2003

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To ask the Chancellor of the Exchequer what recent guidelines and guidance have been given to the Inland Revenue by Ministers in respect of transactions between the Inland Revenue and entities which are operating out of offshore tax havens; and if he will make a statement. [95827]

To ask the Chancellor of the Exchequer what action he has taken to prevent public assets being transferred to companies based in tax havens. [99080]

A number of reforms have already been introduced relating to the project management of major procurement exercises.The Government are currently reviewing existing guidance on tax aspects of Government procurement to safeguard value for money for Government as a whole.