§ Mr. Juddasked the Chancellor of the Exchequer whether he will make a statement on the policy which Her Majesty's Government will adopt at the United Nations Conference on Trade and Development III on the international taxation of multinational companies in such a way that the consequent revenue can be allocated for development finance.
§ Mr. Patrick JenkinWe intend to encourage trade and investment in developing countries by maintaining, and where possible extending, the United Kingdom network of bilateral double taxation agreements with such countries. Within a double taxation agreement the United Kingdom is prepared to give special assistance to investment in developing countries through matching credit for pioneer reliefs.