HC Deb 25 October 1993 vol 230 cc425-6W
Mr. Mandelson

To ask the Chancellor of the Exchequer what is the average level of sterling deposits, governmental and cash, held in(a) Switzerland, (b) Luxembourg, (c) Liechtenstein, (d) Monaco, (e) Jersey, (f) Guernsey, (g) the Isle of Man, (h) Bermuda, (i) Bahamas, (j) the British Virgin Islands and (k) the Cayman Islands; and if he will make a statement.

Mr. Nelson

The most recent published figures for sterling deposits in Jersey, Guernsey, the Isle of Man, the British Virgin Islands and the Cayman Islands are as follows:

£ billion
Jersey 21.9
Guernsey 9.2
Isle of Man 8.0
British Virgin Islands nil
Cayman Islands 3.1

Figures for Switzerland, Luxembourg, Liechtenstein, Monaco, Bermuda and the Bahamas are not available in the form requested.

Mr. Mandelson

To ask the Chancellor of the Exchequer what is his estimate for the volume of cash transferred to tax havens abroad from the United Kingdom which appears to be associated with fraud, for each year since 1988.

Mr. Dorrell

Reliable estimates cannot be made.

Mr. Mandelson

To ask the Chancellor of the Exchequer what estimates he has for capital remittances made for profits and gains in the United Kingdom, to companies and trusts in Jersey, Guernsey, Isle of Man, Bermuda, Bahamas, British Virgin Islands, Cayman Islands, Liechtenstein, Luxembourg, Monaco and Switzerland, for each of the fiscal years since 1985.

Mr. Dorrell

I regret that information on which to base such an estimate is not available.