Proceeding contribution from Lord Oakeshott of Seagrove Bay (Liberal Democrat) in the House of Lords on Monday, 23 October 2006. It occurred during Question for short debate on Tax Credits.
Tax Credits
My Lords, no, we do not say that they should be abandoned. I know of course that the noble Baroness will have read the report carefully. I have chapter 6 with me. No one is suggesting that things have not improved since 1979: it would be a grim state of affairs if they had not. It says that identifying those very serious disincentive effects—there are various charts—for some groups shows that tax credits in their current form are not working for those groups. Given all the improvements that have been made under the noble Baroness among other people, that is still a serious criticism of our system nine years into a Labour Government.
Secondary information
- Type
- Proceeding contribution
- Reference
- 685 c1068
- Session
- 2005-06
- Chamber / Committee
- House of Lords chamber
- Subjects
- Child tax credit Fraud ICT Income tax Grandparents Maladministration Overpayments Organised crime Welfare tax credits Working tax credit Tax allowances Tax rates and bands Revenue and Customs
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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