§ Dr. McDonaldasked the Chancellor of the Exchequer if he will publish in the Official Report details of the reassessment of the tax liabilities of multinational companies to date, resulting from the Inland Revenue's special unit designed to investigate the pricing policies of multi-national companies, and the basis of such reassessments.
§ Mr. Robert SheldonPrices paid in international transactions between companies under common control are adjustable for the purpose of charging United Kingdom tax on profits to the prices which would have been paid if the companies had been independent and acting at arm's length. Information about the tax affairs of particular taxpayers is confidential, but aggregate central adjustments to profits since the beginning of 1974 total about £20 million. In addition, adjustments have been made by local Inspectors in some smaller cases. Figures for these cannot be readily obtained.