Proceeding contribution from Lord Beamish (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 refers to page 26 of the Red Book, which states at paragraph 1.63 that""the Government will introduce a levy based on banks' balance sheets from 1 January 2011, intended to encourage banks to move to less risky funding profiles."" The paragraph concludes by saying:""The levy will result in a rebalancing of the burden of taxation between banking and other sectors."" Does my hon. Friend agree that that actually supports his amendment, in the sense that we should not take decisions on the banks' corporation tax rates before this levy is introduced?
Secondary information
- Type
- Proceeding contribution
- Reference
- 513 c712
- 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
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- 2026-05-06 09:18:00 +0100
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