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Proceeding contribution from Lord Forsyth of Drumlean (Conservative) in the House of Lords on Tuesday, 17 July 2007. It occurred during Debate on bill and Debate on select committee report on Finance Bill.

Finance Bill

My Lords, none of us expects the Minister to produce new tax proposals, but could he help us by saying why the Government are happy with non-domiciled taxpayers, perhaps billionaires, paying no stamp duty on very expensive properties in London while those paying tax at 40 per cent or less as domestic taxpayers are expected to pay 2, 3 and 4 per cent? What is the logic of this? What is it that the Government need to think about here? Can the noble Lord tell us what the Government think makes this a justifiable system?

Secondary information

Type
Proceeding contribution
Reference
694 c188 
Session
2006-07
Chamber / Committee
House of Lords chamber
Subjects
Companies Capital gains tax Business Corporation tax Capital allowances Fraud ICT Income tax Empty property Inheritance tax Low incomes Payments Welfare tax credits Small businesses Reform Tax allowances Stocks and shares Tax avoidance Taxation VAT Research Tax rates and bands Self-employed Revenue and Customs Electronic government Research and development tax credit Managed service companies
Legislation
Finance Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk