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House of Commons Hansard
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Taxation: International Assistance
06 March 2007
Volume 457
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To ask the Chancellor of the Exchequer what assessment he has made of the (a) amount of taxation on levels of remittance aid, (b) amount of tax paid on remittances from the UK to developing countries and (c) cost of providing tax relief on remittance aid; what measures he has taken to maximise levels of remittance aid; what steps he plans to take to increase the level of remittance aid; and what policy recommendations he has received from the UK Remittances Working Group. [124940]

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Remittances are an increasingly importance source of development finance and can have a significant positive economic impact in developing countries, particularly low-income countries. That is why the Government welcomed the report of the UK Remittances Working Group, available at:

http://www.dfid.gov.uk/news/files/pressreleases/report-remittance.asp.

The Government are engaged in several activities to support remittance flows, including:

developing partnerships with countries such as Bangladesh, Ghana and Nigeria;

establishing an information portal (www.sendmoneyhome. org) on costs, transparency, access and choice of remittance transfers; and

engaging regularly with the private-sector led UK Remittances Task Force which is working to promote increased competition and transparency for consumers and provide better information on the UK remittances market for Government and industry.

There are currently no specific tax measures focused on remittances.