Draft Double Taxation Relief and International Tax Enforcement (Taiwan) Order 2021 Debate
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Douglas Chapman
Main Page: Douglas Chapman (Scottish National Party - Dunfermline and West Fife)Department Debates - View all Douglas Chapman's debates with the HM Treasury
Draft Double Taxation Relief and International Tax Enforcement (Taiwan) Order 2021
Douglas Chapman Excerpts(2 years, 4 months ago)
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The Chair
I am not sure that question is quite in scope, but it is at the Minister’s discretion whether she responds to it.
Douglas Chapman (Dunfermline and West Fife) (SNP)
I have a quick question; I do not think there are any complications on the Opposition side of the House regarding the order, but I am looking at paragraph 14.2 of the explanatory memorandum, on monitoring and review, which says:
“The instrument does not include a statutory review clause.”
The OECD might in future decide to review the OECD model used here in light of experience. Can the Minister give a commitment today that, should the OECD review the model and recommend changes to or strengthening of the legislation, the Government would be willing to support that same level of commitment?
Lucy Frazer
I thank both Opposition Members for their contributions; it is helpful to hear from the hon. Members for Dunfermline and West Fife and for Ealing North that they will not be opposing the instrument today. The hon. Member for Ealing North gave a very clear summary, and he will know that on matters of international taxation we are very grateful to work with our international partners. I am very happy to discuss those wider matters of international taxation with him on another occasion. I am also happy to take up the point that the hon. Member for Dunfermline and West Fife mentioned. He will know that we always review our laws at appropriate times.
To sum up, the order strengthens the integrity of our network of DTAs, which play such an important part in facilitating the UK’s cross-border trade and investment. This legislation will ensure that our DTA with Taiwan continues to meet the latest international standards on preventing treaty abuse and improving dispute resolution. In doing so, it will further support the already warm relationship we share with Taiwan.
Question put and agreed to.