No doubt there is a theoretical argument that cutting corporation tax for smaller or new businesses would encourage them to grow and expand, but can my hon. Friend explain how cutting the corporation tax paid by Royal Bank of Scotland by 50% would encourage it to bring more jobs into the Scottish economy? Would it not just add to its already large profits?
Scotland Bill
Proceeding contribution from
Mark Lazarowicz
(Labour)
in the House of Commons on Tuesday, 21 June 2011.
It occurred during Debate on bills on Scotland Bill.
Type
Proceeding contribution
Reference
530 c255
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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2023-12-15 16:51:31 +0000
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