(Except clauses 11, 18, 40, 43, 44 and 69 and schedule 8) - Clause 24 - Deduction cases
Finance Bill
3:30 pm
Rob Marris (Wolverhampton South West, Labour)
That is not at all how I understand the example given by the hon. Member for Runnymede and Weybridge. He talked about a company from the States that wished to set up in the United Kingdom and could not afford to do so if it borrowed money, but could if it got a tax dodge and borrowed money from the USA. In those circumstances a United Kingdom-based company would be disadvantaged, as would be a multinational that was only single dipping.