§ Mr. Gryllsasked the Chancellor of the Exchequer what steps he intends taking following the United States Supreme Court ruling on the Container Corporation of Illinois, in order to stop the application of unitary tax on a worldwide reporting basis on British companies operating in the United States of America.
§ Mr. RidleyThe Government are totally opposed to this method of taxation, which is contrary to international practice, and are taking immediate steps at the highest level to press the United States Government for legislation to prevent its appliction by individual states to British companies operating in the United States.
§ Mr. Gryllsasked the Chancellor of the Exchequer if he will raise the matter of the United States Supreme Court decision in the matter of the Container Corporation of America at the European Community Finance Ministers' Council on 11 July 1983.
§ Mr. RidleyI shall let my hon. Friend have a reply as soon as possible.