§ Mr. Denzil DaviesTo ask the Chancellor of the Exchequer if it is intended that the proposals for a directive on the taxation of savings as announced in the European Council Conclusions (Vienna 11 and 12 December) should involve an investigation of the differing income tax regimes of member states in respect of the taxation of savings and the differing rates of income tax thereon. [64641]
§ Dawn PrimaroloNo. The draft directive on the taxation of savings which is currently under consideration in Brussels would not affect the way income from savings is treated in national income tax systems.