Proceeding contribution from Ian Swales (Liberal Democrat) in the House of Commons on Thursday, 24 June 2010. It occurred during Budget debate on Budget debate.
Capital Gains Tax (Rates)
Does my right hon. Friend agree that regressive taxes are those that stay the same regardless of people's income, such as council tax, whereas progressive taxes are those that increase with income, such as value added tax, under which the rich will pay more because they will spend more? [Interruption.] I say that as one of the qualified accountants in this House. [Interruption.]
Secondary information
- Type
- Proceeding contribution
- Reference
- 512 c448
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Climate change Capital investment Housing Environment protection Government assistance Economic situation Economic growth Forecasts National income Public expenditure Pollution control Public sector debt Standards Taxation VAT Institute for Fiscal Studies Office for Budget Responsibility Bank levy Sheffield Forgemasters Budget June 2010
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 18:13:35 +0000
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