§ Mr. Foulkesasked the Chancellor of the Exchequer if he will list all measures taken by him since March 1981, including provisions in Finance Acts, which (a) affect the incomes of individuals or companies in the Channel Islands or the Isle of Man and (b) affect the transfer and subsequent taxation of money from the United Kingdom to the Channel Islands or the Isle of Man.
§ Mr. MooreLike other taxpayers, individuals and companies resident in the Channel Islands and the Isle of Man who have United Kingdom income are affected by a very wide range of provisions in Finance Acts. The following tax measures enacted since March 1981 may be particularly relevant to the transfer, and subsequent taxation, of money from the United Kingdom to the Channel Islands and Isle of Man:
- Sections 45 and 46, Finance Act 1981 (transfer of assets abroad);
- Sections 80 to 84, Finance Act 1981 (capital gains of nonresident settlements);
- Section 12, Finance (No. 2) Act 1983 (domicile);
- Section 76, Finance Act 1984 (insurance policies issued outside the United Kingdom);
- Sections 82 to 91, Finance Act 1984 (controlled foreign companies); and
- Sections 92 to 100, Finance Act 1984 (offshore funds).