HC Deb 02 May 1974 vol 872 c506W
41. Mr. Denzil Davies

asked the Chancellor of the Exchequer whether he will bring forward proposals to prevent the avoidance of taxation by multinational companies through the overpricing or underpricing of assets transferred between the United Kingdom company and foreign companies in the same group.

Mr. Joel Barnett

The tax code already contains a provision for dealing with this, and its scope is under review.