§ Mr. McWalterTo ask the Chancellor of the Exchequer if he will consider imposing a windfall tax when Green Belt land is rezoned for development; and if he will make a statement about the removal of incentives for the owners of such land to seek such rezoning. [1888]
§ Mr. Geoffrey RobinsonIt would not be appropriate to comment on any possible tax changes during the run up to the Budget.
§ Mr. David MarshallTo ask the Chancellor of the Exchequer what assessment he has made of the implications of the United States/United Kingdom Tax Treaty and Totalisator Agreement on the payment of a windfall tax by United States entities; with which other countries similar agreements exist; and if he will make a statement. [1736]
§ Mr. RobinsonThe treatment under the United States/United Kingdom Tax Treaty and Totalisation Agreement of a windfall tax paid by United Kingdom companies can be determined only when the details of the tax are announced and can be considered by the United States authorities. The United Kingdom has similar tax treaties with around 100 other countries worldwide. I understand that the Totalisation Agreement concerns social security matters which do not appear relevant to a windfall tax.