[1]<\/sup><\/sup>. A list of all exchange of information mechanisms in force in relation to Gibraltar can be found in Annex 2 to the Peer review Report.<\/p> <\/p>
<\/p>
[1] http://www.oecd-ilibrary.org/taxation/global-forum-on-transparency-and-exchange-of-information-for-tax-purposes-peer-reviews-gibraltar-2014_9789264222885-en;jsessionid=1q7khes9636eo.x-oecd-live-01<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "attachment" : {"_about" : "http://data.parliament.uk/resources/166082/answer/attachment/1", "fileName" : {"_value" : "document2014-12-01-135441.pdf"}
, "title" : "Gibraltar's exchange of information"}
, "dateOfAnswer" : {"_value" : "2014-12-01", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-12-01T15:27:33.737Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation: Gibraltar"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government how many tax information exchange agreements with other countries have been signed by Gibraltar; and whether they will report the outcome of the review by the Organisation for Economic Co-operation and Development on exchange of information between Gibraltar and other countries.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/908", "label" : {"_value" : "Biography information for Lord Luce"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Luce"}
], "uin" : "HL3140"}
, {"_about" : "http://data.parliament.uk/resources/166086", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/166086/answer", "answerText" : {"_value" : "
The government is committed to ensuring that customers are treated fairly when they make investment decisions and are able to get the best outcomes from their investments. Ensuring that customers can easily understand and compare products is an important part of this. The Government noted the Financial Services Consumer Panel\u2019s contribution to the debate on these issues, including introducing a single figure for costs, and will consider the recommendations made.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "dateOfAnswer" : {"_value" : "2014-12-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "HL3148"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-12-09T17:24:59.547Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government what plans they have to review the fund management industry in the light of the finding by the Financial Services Consumer Panel that it has \"underlying structural deficiencies\" which are working to the detriment of retail investors.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3144"}
, {"_about" : "http://data.parliament.uk/resources/166088", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/166088/answer", "answerText" : {"_value" : "
Compensation levels in the investment management industry are already governed by the Remuneration Code (\u201cthe Code\u201d) which is part of the FCA Handbook. Investment firms must ensure that their remuneration policies do not encourage staff to sell inappropriate products or give rise to a conflict of interest. Firms are also required to ensure that remuneration is structured through an appropriate and suitable balance between fixed and variable compensation where the variable part is subject to forfeiture if losses or misconduct come to light after the award has been made. Firms managing funds that accept payments from auto-enrolment schemes must adhere to the Code.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "dateOfAnswer" : {"_value" : "2014-12-09", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-12-09T17:25:31.69Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they are measuring compensation levels in the investment management industry and any changes due to auto-enrolment.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3146"}
, {"_about" : "http://data.parliament.uk/resources/166090", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/166090/answer", "answerText" : {"_value" : "
The government is committed to ensuring that customers are treated fairly when they make investment decisions and are able to get the best outcomes from their investments. Ensuring that customers can easily understand and compare products is an important part of this. The Government noted the Financial Services Consumer Panel\u2019s contribution to the debate on these issues, including introducing a single figure for costs, and will consider the recommendations made.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "dateOfAnswer" : {"_value" : "2014-12-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "HL3144"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-12-09T17:24:59.633Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government when they will introduce a single figure for costs including management and trading costs to be required of investment managers when reporting to investors.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3148"}
, {"_about" : "http://data.parliament.uk/resources/166091", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/166091/answer", "answerText" : {"_value" : "
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.<\/p>
<\/p>
<\/p>
<\/p>
This question has been passed on to the FCA. They will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "dateOfAnswer" : {"_value" : "2014-12-09", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-12-09T17:36:58.537Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
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, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government what action they intend to take in respect of \"active managers\" following an index despite charging for stock picking expertise; and whether they intend to impose fines for the mis-selling of such products and to pursue a clawback of costs and bonuses.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3149"}
, {"_about" : "http://data.parliament.uk/resources/166110", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/166110/answer", "answerText" : {"_value" : "
Tax evasion is illegal activity, where registered individuals or businesses deliberately omit, conceal or misrepresent information so they can reduce their tax liabilities.<\/p>
<\/p>
<\/p>
<\/p>
Tax avoidance is exploiting the tax rules to gain a tax advantage that Parliament never intended. It often involves contrived, artificial transactions that serve little or no commercial purpose other than to produce a tax advantage. It involves operating within the letter, but not the spirit of the law.<\/p>
<\/p>
For further information on this I refer the Noble Lord to Table 1.6 in the \u2018Measuring Tax Gaps 2014\u2019 publication available on gov.uk.<\/p>
<\/p>"}
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}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
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, "questionFirstAnswered" : [{"_value" : "2014-12-09T17:51:06.033Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they will clarify what constitutes tax evasion and tax avoidance.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/950", "label" : {"_value" : "Biography information for Lord Stoddart of Swindon"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Stoddart of Swindon"}
], "uin" : "HL3168"}
, {"_about" : "http://data.parliament.uk/resources/166115", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/166115/answer", "answerText" : {"_value" : "
HM Treasury does not collect any data on the sale of contingent convertible bonds by banks regulated by the Prudential Regulation Authority, and does not currently have any plans to do so.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "dateOfAnswer" : {"_value" : "2014-12-09", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2014-12-09T17:32:45.737Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Banks: Finance"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government what data they collect or intend to collect on the sale of contingent convertible bonds by banks regulated by the Prudential Regulation Authority.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4196", "label" : {"_value" : "Biography information for Lord Sharkey"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Sharkey"}
], "uin" : "HL3173"}
, {"_about" : "http://data.parliament.uk/resources/166116", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/166116/answer", "answerText" : {"_value" : "
At the end of World War I, debt was owed between the UK and other countries. However, in 1931 President Hoover of the United States proposed a one year moratorium on all War debts, which allowed extensive international discussions on the general problems of debt repayment to be held. No satisfactory agreement was reached. In the absence of such an agreement no payments have been made to, or received from, other nations since 1934.<\/p>
<\/p>
<\/p>
<\/p>
The most recent repayment made by the UK on its debt to the US from the First World War was made in the financial year 1932-33. More specific information on the date of this payment is not available.<\/p>
<\/p>
<\/p>
<\/p>
The UK included the First World War debt to the US as part of the National Debt up until 1944-45, however all First World War debts to and from other nations are now effectively considered as having lapsed. Therefore, as explained in the answer to the original question, no arrangements have been made for repayment of the debt.<\/p>
<\/p>
<\/p>
<\/p>
In addition, the government holds eight undated gilts in its debt portfolio, three of which stem from bonds originally issued to raise money to finance the First World War.<\/p>
<\/p>
<\/p>
<\/p>
The Chancellor has announced that two of these undated gilts, 4% Consolidated Loan and 3½% War Loan, will be redeemed, on 1 February 2015 and 9 March 2015 respectively. These gilts account for some 99% of the bonds originally issued to finance the First World War. The government has also announced a strategy to remove the remaining undated gilts from the debt portfolio when it is deemed value for money to do so.<\/p>
<\/p>
<\/p>
<\/p>
The repayments on this debt will go to the holders of these bonds. The Treasury does not hold detailed information on the identity of organisations or individuals who own gilts, however information on sectoral holdings of gilts is published on a quarterly basis by the Office for National Statistics. The latest information on the breakdown of gilt holdings by sector, including a breakdown of non-UK resident holders of gilts by foreign central banks and other non-residents, is published by the ONS in Section 5.2.10 of its quarterly United Kingdom Economic Accounts publication.<\/p>
<\/p>"}
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}
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, "dateOfAnswer" : {"_value" : "2014-12-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL3175"}
, {"_value" : "HL3176"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-12-09T17:41:36.6Z", "_datatype" : "dateTime"}
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, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
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, "date" : {"_value" : "2014-11-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "World War I: Debts"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether any countries owe money to the United Kingdom as a result of the First World War; and if so, which and how much in each case.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/2479", "label" : {"_value" : "Biography information for Lord Laird"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Laird"}
], "uin" : "HL3174"}
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