Lord Pearson of Rannoch
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Taxation: Inheritance Tax
Lord Pearson of Rannoch Excerpts(13 years ago)
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Lord Sassoon
My Lords, as I said, we have no plans to review the law, but we are always interested in constructive suggestions, wherever they come from.
Lord Pearson of Rannoch
My Lords, perhaps I may rely on noble Lords' generosity at Christmas and dare ask what the latest position is with the proposal from Brussels to harmonise inheritance tax across the whole European Union. Does that prospect not make this debate somewhat superfluous, and what will the position be under the proposal? Will there be majority voting or will we be able to veto it if we do not like it?
Lord Sassoon
My Lords, tax proposals from the European Commission require unanimity.