HC Deb 29 July 1988 vol 138 cc726-7W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what is his estimate of the value of United Kingdom assets held overseas and the amount of United Kingdom tax payable thereon after double taxation relief; and if he will publish in theOfficial Report his estimate of the amount of tax which would accrue to the Exchequer if the money were invested in a similar portfolio in the United Kingdom.

Mr. Brooke

The value of United Kingdom assets held overseas is published in table 1.2 of the "United Kingdom Balance of Payments" (the Pink Book). Estimates of tax arising from these, or corresponding United Kingdom, assets are not available for the corporate sector and could be obtained only at disproportionate cost.

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