Parliamentary Search

Proceeding contribution from Rob Marris (Labour) in the House of Commons on Tuesday, 12 May 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.

Finance Bill

I am grateful to the hon. Gentleman for his usual generosity in giving way. These are difficult issues, but from looking at the figures in the Red Book, I would imagine that the Treasury has taken corporate relocation into account, so if the amendment were accepted, tax revenues in the United Kingdom would drop by £3.7 billion, as a rough estimate. Why is the hon. Gentleman not pursuing the logic of his position in going for the OECD average of 22.5 per cent. corporation tax which, again on those figures, would cut corporation tax revenues in the UK by £6.8 billion? Where is the money coming from?

Secondary information

Type
Proceeding contribution
Reference
492 c691 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Alcoholic drinks Companies Business Corporation tax Competition Capital investment Excise duties Business rates Public houses Tax allowances Tax avoidance Taxation VAT Tax rates and bands Trade competitiveness
Legislation
Finance Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk