§ 68. Sir D. Walker-Smithasked the Chancellor of the Exchequer whether he is aware that the growing but legitimate tax avoidance practice of the sale of their services by self-employed persons in the entertainment industry for convertible loan stock in companies, is costly to the Revenue and confers an unjustifiable advantage over professional self-employed persons to whom this method of abating the present levels of taxation is not available; and if he will consider introducing legislation to regulate this practice.
§ Mr. DiamondI am aware of this practice and am keeping it under review.