Schedule 8 - Loan relationships: miscellaneous amendments
Finance Bill
10:15 am
Mr Howard Flight (Shadow Chief Secretary To the Treasury, Economic Affairs; Arundel and South Downs, Conservative)
I hope that the Minister is right, because I am perhaps even keener than she is to protect UK tax revenues, which we look forward to managing in the near future. She made a clear case as to why the Government's view is that they may escape the judgment of the de Lasteyrie case, and I hope that she is correct.
As I said, the intention behind the amendment was to probe the Government, which is quite the reverse of wishing to attack the measures. However, I remain deeply concerned that, if not Lasteyrie, there will be
something else sooner or later. It is time for British Governments to develop a somewhat wider strategy on the issue, or we shall keep finding one attack here and another attack there, and various aspects of corporate tax revenue will be under threat. We have had a focused discussion, so I beg to ask leave to withdraw the amendment.
Amendment, by leave, withdrawn.
Schedule 8 agreed to.