§ 8.5 p.m.
§ The Financial Secretary to the Treasury (Sir Edward Boyle)I beg to move,
That an humble Address be presented to Her Majesty, praying that, on the ratification by the Government of the Italian Republic of the Convention set out in the Schedule to the Order entitled the Double Taxation Relief (Taxes on Income) (Italy) Order, 1960, a draft of which was laid before this House on 27th July, in the last Session of Parliament, an Order may be made in the form of that draft.This Order relates to a double taxation Agreement with Italy provided for under Section 347 of the consolidation Measure, the Income Tax Act, 1952. This is the first double taxation Agreement between Britain and Italy. It is absolutely, as it were, in standard form. The former Order was of a rather special form. This Order is based on the draft model Agreement drawn up by the Fiscal Commission of the League of Nations and endorsed by the United Nations Fiscal Commission, and it follows the pattern of Agreements entered into by the United Kingdom since 1945.About 70 of those Orders have been made to date and I do not think that this Order calls for any special comment from me as it is in absolutely standard form.
§ 8.6 p.m.
§ Sir Frank Soskice (Newport)The Minister anticipated the questions I should like to have put on this Order. As he said, it is in entirely standard form. I suppose that that is possible, because there is broad parity between our system and the Italian system.
§ Question put and agreed to.
§
Resolved,
That an humble Address be presented to Her Majesty, praying that, on the ratification by the Government of the Italian Republic of the Convention set out in the Schedule to the Order entitled the Double Taxation Relief (Taxes on Income) (Italy) Order, 1960, a draft of which was laid before this House on 27th July, in the last Session of Parliament, an Order may be made in the form of that draft.
§ To be presented by Privy Councillors or Members of Her Majesty's Household.