Tax Havens

HM Treasury written question – answered at on 15 June 2016.

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Photo of Stephen Kinnock Stephen Kinnock Labour, Aberavon

To ask Mr Chancellor of the Exchequer, if he will introduce measures to prevent companies based in tax havens from purchasing assets during privatisations.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

The Government seeks to ensure value for money for the taxpayer in conducting asset sales. This includes running sales on a competitive basis that are open to a wide range of potential buyers. The Government has no plans to change the existing arrangements governing participation in the sale of government assets.

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