Proceeding contribution from Stephen Timms (Labour) in the House of Commons on Monday, 12 July 2010. It occurred during Committee of the Whole House (HC) and Debate on bill on Finance Bill.

Finance Bill

My hon. Friend the Member for Eltham (Clive Efford) asked a telling question, and I am not sure what the right hon. Gentleman's answer is. The question is this: does he deprecate any tax avoidance, or is he saying that as long as it is strictly in compliance with the law, anything goes? As he knows, there have been some very ingenious, and indeed expensive, schemes used by companies to avoid paying tax, clearly contrary to the spirit of the law but arguably in compliance with the letter of the law. Does he not deprecate that kind of activity?

Secondary information

Type: Proceeding contribution
Reference: 513 c694
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Companies Capital gains tax Corporation tax Banks Investment Financial institutions Profits Tax rates and bands Revenue and Customs Small businesses Tax allowances Tax avoidance Taxation VAT Tax evasion Tax yields Bank levy
Legislation: Finance Bill 2010-12
Link: View this Proceeding contribution on www.publications.parliament.uk

Finance Bill

Secondary information

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