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Proceeding contribution from Mark Francois (Conservative) in the House of Commons on Wednesday, 5 July 2006. It occurred during Debate on bill on Finance (No 2) Bill.


Finance (No. 2) Bill

It does not, of course. But my point is simply to demonstrate to the Economic Secretary that I, too, can do a bit of research. Also, when he sums up, can he answer this one question: when did the Chancellor know? The alternative investment market is generally regarded as something of a success story. We would like to make REITs a success story, too. Therefore we would like to know why the Government are reluctant to consider expanding the REITs concept to AIM. We hope that they will concede that point this afternoon, but if they do not, will they at least reassert the position—as given by the former Economic Secretary, the hon. Member for Bury, South (Mr. Lewis), and repeated in Committee—that, at the very least, they intend to keep this matter under review once the regime is rolled out from January 2007? I suspect that REITs will at some point be expanded by being listed on AIM. We shall see when that happens. We have put down our marker very firmly in this debate. If the Government do not take this step, I suspect that we will when we become the Government.


Secondary information

Type
Proceeding contribution
Reference
448 c899-900 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Accountancy Companies Decommissioning British Nuclear Fuels Corporation tax Computers Climate change levy Fraud EU countries Income tax Film Exemptions Excise duties EU internal trade Income Equipment Investment trusts Nuclear Decommissioning Authority Nuclear power stations Property Registration Tax allowances Tax avoidance Taxation VAT Real estate investment trusts
Legislation
Finance (No. 2) Bill 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk