HC Deb 20 May 1974 vol 874 c36W
Mr. Kilroy-Silk

asked the Chancellor of the Exchequer if he will seek powers to prevent British subjects from transferring substantial assets to the Isle of Man for the purposes of tax avoidance.

Dr. Gilbert

The law already provides general powers to counter avoidance of tax by means of transfers of assets out of the United Kingdom. If my hon. Friend has any specific avoidance devices in mind, I will be glad to have them looked into.