Oral question asked in the House of Commons, by Stewart Hosie (Scottish National Party). It was answered on Tuesday, 19 July 2016 on behalf of the Treasury.
Support for Business
- Question
-
I welcome that, and I ask the Chancellor to look again at one other thing. One of the problems that business and the economy face is a lack of demand. May I ask the Chancellor to look again not just at headline corporation tax cuts, but at an intelligent use of allowances—for example, the reintroduction of industrial
buildings allowance—to build demand for construction now and long-term supply side capacity to boost what we do, particularly in terms of exporting, in the future?
- Answer
-
I assure the hon. Gentleman that when we look at the corporate tax environment, we will not just be looking at headline rates. We will be looking at the marginal effective rates of corporate tax for investors in the UK, because that is what we want to target—more investment, more jobs and the creation of more wealth in the UK.
Secondary information
- Type
- Oral question
- Reference
- 613 c671
- Session
- 2016-17
- Oral question type
- Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Business Government assistance
- Link
- View this Oral question on hansard.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-13 19:44:30 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2016-07-19/16071931000079
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2016-07-19/16071931000079
- In Solr
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