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Proceeding contribution from Nicholas Winterton (Conservative) in the House of Commons on Wednesday, 21 March 2007. It occurred during Budget debate on Budget resolutions.


AMENDMENT OF THE LAW

The Chairman of the Treasury Committee is talking about a hugely important issue. While there might seem to be some advantage in UK companies being taken over, is the distinguished right hon. Gentleman aware of the amount of profit that is made by overseas companies that take over UK companies and that is then remitted overseas, rather than remaining in this country for the benefit of our United Kingdom economy? This is a critical issue; we are, indeed, selling our family silver.


Secondary information

Type
Proceeding contribution
Reference
458 c842 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Budgets Economic situation Public expenditure Taxation Budget March 2007
Link
View this Proceeding contribution on www.publications.parliament.uk