HC Deb 22 December 1983 vol 51 cc367-8W
Mr. Grylls

asked the Chancellor of the Exchequer what proposals he has received to the effect that provision should be made for the establishment of a market in corporation tax losses; and if he will make a statement.

Mr. Moore

I have received a copy of a paper issued for public discussion by the Institute of Directors proposing the introduction of a market in corporation tax losses. I am not at present satisfied that the proposal has advantages which would justify the very high Exchequer cost involved, but I have asked the institute to let me have its proposals for replacing the corporation tax yield which would be lost.