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Proceeding contribution from David Gauke (Conservative) 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

Beginning tomorrow, we will consult on the bank levy. The intention is to find a means of discouraging risk, and that is why the targeted approach of the bank levy is appropriate. It will raise additional revenue, and it is right to do so. We think that we have the balance right in raising additional revenue while enabling banks to lend more, and we are also taking steps to encourage that further. In conclusion, I think that I have satisfied the concerns underlying the amendments and I hope that the amendment will not be pressed to a Division.


Secondary information

Type
Proceeding contribution
Reference
513 c735 
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