§ Mr. Frank Allaunasked the Chancellor of the Exchequer if he will hold an immediate inquiry into the avoidance of corporation tax by the negotiation of short-term loans, the interest on which is set off against the tax, as confirmed by the Inland Revenue, with a view to stopping this avoidance of tax without delay.
§ Mr. Denzil DaviesI refer my hon. Friend to my reply to my hon. Friend the Member for Brecon and Radnor (Mr. Roderick) on 8th June.