Clause 180 - Controlled foreign companies and foreign permanent establishments

Part of Finance Bill – in a Public Bill Committee am 4:45 pm ar 19 Mehefin 2012.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Catherine McKinnell Catherine McKinnell Shadow Minister (Education) 4:45, 19 Mehefin 2012

Thank you for that clarification, Mr Bone. We will see whether amendment 2 will be pushed to a vote. It asks for a delay in the implementation of the rules. That is not something that we Opposition Members are asking for. We are asking for the impact, particularly on developing countries, to be reviewed.  We have discussed the complexity surrounding the rules, the resources that are available, the importance of our own efforts—the Treasury and HMRC, working together with DFID—to analyse the effects of the rules, and how best we can target the aid that the UK gives to developing countries. It would be a shame to give aid that is spent only patching up the mess that we may create, inadvertently and unintentionally, with the changes that we are considering today. That is the purpose of our amendment, and I hope that Government Members, and particularly the hon. Member for Bristol West, will be able to support it.