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Finance Bill Debates

Alan Dolton covers the final stages of the Finance Bill Debates in Standing Committee B plus the Report Stage and Third Reading debates
Conservative spokesman Richard Spring (West Suffolk) proposed a number of amendments to Clauses 51 to 53 (European Company Statute). He expressed concern that 'the requirement to retain a permanent establishment in the relevant member state to ensure that the transactions are tax neutral might well be contrary to articles 43 and 48 of the EC Treaty' (Col 304.)
The Financial Secretary (John Healey) responded that 'the Government are confident that the provisions do not contravene the EU treaty. They are consistent with the ECS and the merger directive and ensure that a UK company's decision to merge with a company in another member state to form an SE is...
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