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

I will not take up much of the Committee’s time on this matter, but I want to reassure the Minister and Members on the Government Benches that we Opposition Members do not oppose reform of the controlled foreign company rules. We set these wheels in motion and very much support anything that can bring investment and growth to the UK economy.

I shall make a couple of comments on our amendment 190. It does not seek to delay or water down the controlled foreign company reforms in any way, but would monitor three specific impacts on an ongoing basis for the next three years. It is disappointing that the hon. Member for Bristol West has withdrawn his amendment and will not be putting it to a vote.