§ Mr. GibbTo ask the Chancellor of the Exchequer if he will list the financial services other than Eurobonds which will be affected by the current proposal for a common EU withholding tax. [62333]
§ Dawn Primarolo[holding answer 7 December 1998]: The draft EC directive on taxation of savings would apply to cross-border payments of interest to individuals in the EC.
§ Sir Teddy TaylorTo ask the Chancellor of the Exchequer if the current proposals in the EU on the withholding tax make provision for exemptions for financial centres, with particular reference to(a) Luxembourg and (b) Dublin. [62516]
§ Dawn Primarolo[holding answer 7 December 1998]: There is no provision in the draft Directive on taxation of savings for any such exemption.