§ Mr. GibbTo ask the Chancellor of the Exchequer if he will make it his policy to veto the EU proposal regarding the introduction of a 20 per cent. withholding tax on interest payments paid to non-UK resident recipients residing in the EU. [58792]
§ Dawn PrimaroloThe Government are in favour of effective international action against tax evasion, and we are taking an active part in discussions on the draft 101W Directive. We will not agree to any course of action which would seriously damage the UK and other European financial markets.