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Proceeding contribution from Geoffrey Robinson (Labour) in the House of Commons on Tuesday, 26 April 2011. It occurred during Debate on bill on Finance (No. 3) Bill.

Finance (No. 3) Bill

Many firms will, of course, be grateful for the reduction in corporation tax, but will not the slashing of investment allowances go a long way towards offsetting any benefit that might have been gained by small companies in particular? According to the Institute for Fiscal Studies, the real beneficiaries of both measures will be the less capital-intensive service sector,"““historically typified by the financial sector””," rather than the small companies that export and depend on investment which the Chief Secretary is seeking to help.

Secondary information

Type
Proceeding contribution
Reference
527 c71 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Children Alcoholic drinks Corporation tax Beer Air passenger duty Capital allowances Aggregates levy Environment protection Income tax Electricity generation Excise duties Fuels Economic growth Individual savings accounts Low incomes Northern Ireland Pensions Natural gas Nuclear power Business rates Prices Small businesses Tax allowances Tax avoidance Taxation Research Tobacco Science North Sea oil Carbon emissions Bank levy National employment savings trust scheme
Legislation
Finance (No. 3) Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk