§ 64. Mr. Peter Smithersasked the Financial Secretary to the Treasury whether he will endeavour to negotiate a double taxation agreement with the Brazilian Government.
§ Mr. JayYes, Sir. We have in fact put proposals before the Brazilian Government, and we are awaiting their suggestions for the start of negotiations.
§ Mr. SmithersHas not the approach to these negotiations been going on for about a year? Is the hon. Gentleman satisfied that his colleagues at the Foreign Office realise the urgency of this matter, and, in view of the crushing taxation in Brazil, how serious the threat is to our firms?