§ Mr. PriorTo ask the Chancellor of the Exchequer (1) if his plans to legislate against tax avoidance schemes include action against shares held in offshore trusts as part of a managerial incentive or bonus scheme; [10109]
(2) what proposals he is assessing for legislation in respect of the holding of shares under management incentive schemes in an offshore trust in Jersey. [9787]
§ Dawn Primarolo[holding answer 21 July 1997]: The Chancellor said in his Budget statement that he had asked the Inland Revenue to review all areas of tax avoidance. Specific measures arising from that review will be announced as necessary.