Proceeding contribution from Ed Balls (Labour) in the House of Commons on Tuesday, 2 May 2006. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No. 2) Bill 2005-06.
Finance (No. 2) Bill
Does my hon. Friend agree that in making tax policy, one is always balancing tackling avoidance with providing the right incentives? It would be simpler if we abolished the 20p rate for small companies and had instead just one rate for all businesses, but that would be bad for small companies, just as it would be wrong to abolish the 10p starting rate for capital gains tax and to go back to the single 40p rate that applied in 1997. In the end, it is about striking a balance between avoidance and providing the right incentives.
Secondary information
- Type
- Proceeding contribution
- Reference
- 445 c935
- Session
- 2005-06
- Chamber / Committee
- House of Commons chamber
- Subjects
- Clubs Companies Corporation tax Computers Civil partners Housing ICT Divorce Exemptions Inheritance tax Fringe benefits Equipment Remote working Low incomes Property Married people Small businesses Tax allowances Taxation Trusts Tax rates and bands Wills Home computing initiative Civil partnerships dissolution
- Legislation
- Finance (No. 2) Bill 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-04-21 21:16:27 +0100
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_318798
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_318798
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_318798