Clause 30 - Provision not at arm's length: transactions between UK taxpayers
Finance Bill
12:00 pm
Mr John Burnett (Shadow Minister, Home Affairs; Torridge and West Devon, Liberal Democrat)
I take the point that without anti-avoidance provisions on transfer pricing we could have severe leaching, or loss, which is the word that I should use, of tax revenue. The hon. Gentleman is right on the
nail when he talks about bureaucracy and if I am fortunate enough to catch your eye, Mr. McWilliam, I will say a few words on that point as well.