Would my hon. Friend care to speculate on how many of the 14,000 millionaires who will be super-beneficiaries of the measures will stop moving the mountains of cash that they currently move to avoid paying tax when the top rate is reduced from 50p to 45p? Surely if they move mountains of cash to avoid paying 50p, they will not move any less to avoid paying 45p.
Finance Bill
Proceeding contribution from
Ian Mearns
(Labour)
in the House of Commons on Monday, 2 July 2012.
It occurred during Debate on bills on Finance Bill.
Type
Proceeding contribution
Reference
547 c677
Session
2012-13
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-11-28 15:12:13 +0000
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