Clause 35 - Exercise of options etc
Finance Bill
12:00 pm
Philip Hammond (Shadow Chief Secretary To the Treasury, Treasury; Runnymede and Weybridge, Conservative)
I have not spent any time studying this part of the Bill, but is not the example of an asset purchase at an artificially high price already covered by existing transfer pricing legislation? Would such legislation not effectively eliminate, or capture the tax gain from, any advantage derived from that?