To ask the Chancellor of the Exchequer what estimate he has made of the cost in terms of forsaken revenue of exempting foreign dividends from tax. (119172)

The cost of exempting foreign dividends from tax depends primarily on the behavioural response to the introduction of any exemption.

An exemption regime could take various forms. The behavioural response would vary depending on the form. It is therefore not possible to estimate the cost of exemption with any accuracy.