To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, for what reason his Department has not approved the draft Tax Information Exchange Agreement negotiated between the British Virgin Islands and Taiwan.
The Financial Secretary to the Treasury, Lucy Frazer: “I beg to move, that the Committee has considered the draft Double Taxation Relief and International Tax Enforcement (Taiwan) Order 2021. The draft order will give effect to a protocol that was agreed in August to amend the existing double taxation agreement, or DTA, in relation to Taiwan.