Proceeding contribution from Clive Efford (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
To correct the hon. Member for West Suffolk (Matthew Hancock), it is just not true to say that the banks are going to pay more. Deutsche Bank has said:""Taking 2% off the 2012 tax rate for the five banks listed in the UK would increase profit by £1.16bn, that is it should almost offset all of the banks tax. Overall a good outcome for the banks."" Similarly, HSBC said:""We'd expect most domestically-orientated banks, for example Lloyds, to be better off after four years than they were pre-budget"."
Secondary information
- Type
- Proceeding contribution
- Reference
- 513 c726
- 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
Librarians' tools
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- 2026-05-06 09:17:59 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_654632
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