Perhaps my hon. Friend will permit me to go back to RBS. Is he aware that although it would be good news in future if the company had to pay more corporation tax, at the point of sale of the shares back into the private sector taxpayers would get a lot less money because they would get the tax losses forgone knocked off a rather big multiple? This gives rise to a rather difficult situation relating to whether taxpayer value is being protected.
Finance Bill
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Wednesday, 8 July 2009.
It occurred during Debate on bills on Finance Bill.
Type
Proceeding contribution
Reference
495 c1046 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-04-21 12:55:32 +0100
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