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Proceeding contribution from Viscount Trenchard (Conservative) in the House of Lords on Friday, 18 July 2008. It occurred during Debate on bill and Debate on select committee report on Finance Bill.


Finance Bill

My Lords, I thank the Minister for trying to address my point. I take it that he agrees with my point that when this Government came into office, British corporation tax rates ranked very high up—that is, we had a very low rate of corporation tax. We were about fourth or fifth in the current EU 27, whereas we are now about 15th. We have fallen a long way down because our corporation tax has been reduced less than our partners have reduced theirs.


Secondary information

Type
Proceeding contribution
Reference
703 c1497 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Capital gains tax Banks Income tax Excise duties Inheritance tax Domicil Economic situation Index linking Motor vehicles Pay Pensions Low pay Small businesses Reform Tax allowances Taxation Tax rates and bands
Legislation
Finance Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk