§ Mr. Gryllsasked the Chancellor of the Exchequer what action was agreed to be taken when he raised the issue 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.
§ Mr. Ridley[pursuant to his reply, 27 July 1983, c. 454]: My right hon. Friend the Chancellor gave Community Finance Ministers an assessment of the current situation on unitary taxation following the United States Supreme Court decision. He informed them of the letter he was sending to the Secretary to the United States Treasury on 12 July pressing for legislation to prohibit the application by individual states of the worldwide combined unitary method of taxation and suggested that they might wish too consider similar action. At the suggestion of the Presidency the text of that letter will be circulated to the other Community Governments.
728W
Public Expenditure Planning Total Cash£b Percentage change on year earlier Cost terms £b* Percentage change on year earlier (1) (2) (3) (4) Definition in Cmnd 8789 but excluding market and overseas borrowing of public corporations 1963–64 10.6 — 61.3 — 1964–65 11.5 8.4 63.5 3.7 1965–66 12.8 10.8 67.2 5.8 1966–67 14.1 10.3 71.1 5.8 1967–68 16.4 16.2 80.5 13.2 1968–69 17.0 3.8 79.5 -1.3 1969–70 17.9 5.1 79.5 -0.1 1970–71 19.8 10.9 81.5 2.5 1971–72 22.3 12.3 77.6 -4.9 1972–73 25.6 15.1 83.5 7.5 1973–74 28.6 11.3 92.9 11.3 1974–75 38.6 35.1 105.0 13.0 Definitions used in Cmnd 8789 1974–75 39.3 — 107.0 — 1975–76 48.9 24.6 106.3 -0.6 1976–77 54.4 11.1 104.5 -1.7 1977.78 56.8 4.4 95.9 -9.0 not covered in the table. In addition to the companies dealt with, the National Freight Corporation was sold to a consortium of managers and employees in March 1982.